Motorists encouraged to fill-up as fuel prices hit 15-month lows


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It will be cheaper for motorists to fill-up ahead of New Year’s Day road trips thanks to petrol prices on Australia’s east coast falling to their lowest levels in 15 months.


A collapse in crude oil prices since October has flowed through to local bowsers, with average unleaded petrol prices sitting at $1.16 in Sydney and Brisbane, and $1.17 in Melbourne on Monday, according to price monitor MotorMouth.


Petrol prices have hit a 15-month low.

Petrol prices have hit a 15-month low. Credit:Bloomberg


That is down about 3.6¢ over the past week, and down from between $1.64 and $1.70 at the peak of the cycle in mid-October.


Pump prices were even lower in Adelaide ($1.11) and Perth ($1.14), but as high $1.50 in the less competitive markets of Canberra, Hobart and Darwin.


Article source: https://www.smh.com.au/world/north-america/china-issues-warning-for-citizens-travelling-to-us-20180704-p4zpd8.html?utm_medium=rss&utm_source=rss_world

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