Why Are Petrol Prices So High In Melbourne

According to the motormouth website the average price per litre for regular unleaded in each capital is. In melbourne its very much the same with prices peaking at 1719 a litre while brisbane is at around 157 a litre. 1542 cents perth.

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The good news however is that this along with westpacs belief crude should stabilise and the aussie dollar stop falling means that with refining margins contracting.

Why are petrol prices so high in melbourne. The reality of the rising cost of petrol has nothing to do with petrol stations trying to make more money. And melbourne is less predictable again. Petrol prices have risen 20 in the past year moving the issue to the top of the political agenda. Of the capital cities brisbane motorists paid the highest prices for 18 out of the last 24 months compared to sydney melbourne adelaide and perth regional motorists paid about 44 cents per.

About 233 c per litre making australian petrol much cheaper. In melbourne the pattern is different again but across australia the point is the same sometimes a whole lot of petrol stations coincidentally decide they cant sell fuel cheaply any more. It is clear something weird is going on. Why are australias petrol prices so high.

137 cents melbourne. The reason for the outrageous petrol prices is the rising cost of oil. The aa has reported that petrol is poised to hit 120p a litre. The price of indian basket of crude oil has ranged from us 112 per barrel in 2011 12 to a low of us 46 per barrel in 2015 16.

Not long ago motorists were enjoying the relative bargain basement prices of around 130 cents a litre. 1521 cents brisbane. Why are petrol prices so high. Solving the petrol price mystery.

Video explainer play video 222. Heres why petrol prices are still so high in australia even though crude oil is crashing. The price in april 2018 is us 7790 per barrel. The poor pound to dollar exchange rates have also had a negative impact on the petrol prices in the uk.

A question that is frequently raised is why the petrol price is so high when the cost of import price of crude oil is not that high. So why do petrol prices fluctuate so wildly in such a short period of time and even between outlets in the same city. So refiners are simply making hay while the sun shines. But that 2008 price came when oil a crucial factor in the price of.

That would pass the previous high of 1197p reached in july 2008.