Petrol prices dropped for the first time in seven weeks as oil cartel OPEC begins to consider yet another cut in crude oil output. The national average price of unleaded slipped 2.3 cents last week and sits at $1.20 a litre. CommSec economist Savanth Sebastian, stated: The one major risk to pump prices is likely [...]
Continue reading "Petrol prices fell in seven week history"
Thursday, March 5, 2009
As world crude prices rise, oil marketing companies are selling petrol at a loss, eliminating intense political pressure on the government to lower pump prices a third time ahead of the general elections. For full story, click here
Continue reading "Rise in Crude prices takes a toll on Petrol Sales"
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Monday, March 9, 2009