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Petrol Is Expected To Hit $1 Per Litre In Sydney This Week - Foreign Affairs - Nairaland

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Petrol Is Expected To Hit $1 Per Litre In Sydney This Week by Ayomax(m): 1:23pm On Dec 09, 2015
This is a big shame on Nigeria, Australia don't have half of the natural resources that we have in Nigeria especially oil n gas, yet fuel price is at all time low right now and we in Nigeria are still struggling to buy fuel, I'm sick of this country.
Christmas has come early for motorists this week with the cost of fuel dropping sharply across the country.
Petrol prices could fall to as low as $1 a litre in Sydney and Melbourne this week according to motoring organisation NRMA - much lower than November’s average pump price of $1.25 a litre.
Prices are set to fall again after Christmas - just in time to give motorists something to celebrate over the new year.
NRMA spokesperson, Peter Khoury, told Daily Mail Australia the price will drop off this Monday and Tuesday before increasing again in time for Christmas.
“The average petrol price in Sydney is $1.13 per litre, and we think another cent or two will come out of that,” Mr Khoury said.
“We are talking $1 a litre in some places, and if not it will be very close.”
The best prices are currently being seen in Sydney’s south west, with $1.05 being recorded at an independent station in Narwee, near Bankstown.
“The area around Liverpool consistently has the best prices,” Mr Khoury said.
“There are a lot of independent service stations in that area, and they put downward pressure on the price.”
The last time Sydney saw petrol prices this low was during the Christmas period last year.
“It has come a bit early for Christmas this year, but it will drop again in time for the new year.”
The steady Australian dollar and depressed crude oil prices are to thank for the lower prices.
“It comes down to basic economics,” Mr Khoury said.
“OPEC has not cut supply, so there is a fair bit of oil on the market, if the supply is more than the demand it will push prices down.”
The NRMA recommends motorists keep a close eye on petrol prices over the next few days.
“Changes largely happen overnight. Things could change again.”
“If people can they should fill up today or tomorrow and then hold off from refuelling again until after Christmas.”
“Sydney and Adelaide generally see lower prices because they have more independent service stations,” Mr Khoury said.
Brisbane and Perth have already reached the lowest point in their cycles, dropping to an average of just over $1.17.
Prices in regional Australia will vary depending on the size of their market, however independent service stations consistently offer the best prices in a bid to compete against the larger providers.
Before last year’s Christmas period petrol prices had not dropped to below $1 per litre since 2005.
www.dailymail.co.uk/news/article-3348633/Christmas-come-early-motorists-petrol-prices-expected-fall-1-litre-Sydney-week.html
Re: Petrol Is Expected To Hit $1 Per Litre In Sydney This Week by Mightymanna(m): 1:33pm On Dec 09, 2015
end time pricing
Re: Petrol Is Expected To Hit $1 Per Litre In Sydney This Week by Mightymanna(m): 1:33pm On Dec 09, 2015
end time petrol
Re: Petrol Is Expected To Hit $1 Per Litre In Sydney This Week by shunful: 1:33pm On Dec 09, 2015
I am assertive that things can't get worst than this, wish I could swap Nigeria to Australia.
cc lalasticlala ishilove farano
Re: Petrol Is Expected To Hit $1 Per Litre In Sydney This Week by Ayomax(m): 1:38pm On Dec 09, 2015
shunful:
I am assertive that things can't get worst than this, wish I could swap Nigeria to Australia.
cc lalasticlala ishilove farano
as in eh, I'm even ready to swap Nigeria with Angola

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