Petrol prices to drop as Middle East supply fears ease
Petrol prices are expected to fall at the bowser as crude oil trades near a three-month low and supply concerns over the Israeli-Palestinian conflict spreading regionally abate.
While prices surveyed by Australia’s National Roads and Motorists’ Association showed average regular unleaded prices had risen 21.9¢ per litre to the top of the cycle as of Saturday, it forecast bowser prices to fall to the mid-180¢ per litre in the next four to five weeks. The average price for Sydney last week was 216.3¢.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commodities
Fetching latest articles