US EditionPetrol prices to tumble further amid turmoil on global oil market
- Petrol prices in Sydney are currently about $1.68 a litre for unleaded, with retailers at the bottom of their price cycle, indicating further price reductions are expected this week.
- In Brisbane and Adelaide, unleaded prices are $1.77 and $1.73 a litre, respectively, and are also set to decline.
- Analysts at UBS noted that while petrol prices may ease, a prolonged drop in oil prices could impact Australia's oil and gas industry significantly.
- Prices in Brisbane and Adelaide are at $1.77 and $1.73 per litre, respectively, and are set to fall after reaching their high points.
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Petrol prices plummet across Australia
Australian motorists can look forward to even cheaper petrol prices in the lead-up to the Easter and Anzac Day long weekends as global oil prices remain in freefall.Research from the NRMA released today shows the Australian regional benchmark for oil, Tapis crude, has been in sharp decline over recent weeks since US President Donald Trump imposed his tariffs.During the past week, the price of oil has also fallen $US10 a barrel, while the Termin…
·Australia
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Sydney Morning Herald+3 Reposted by 3 other sources
Petrol prices to tumble further amid turmoil on global oil market
Australian petrol prices are expected to continue dropping in the lead-up to the Easter and Anzac Day holidays as oil markets reel from Donald Trump’s tariff war.
·Sydney, Australia
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