Australian motorists benefit from a decrease in petrol prices
The Australian Competition and Consumer Commission’s eighth report into the Australian petroleum industry has revealed a decrease in petrol prices in the quarter ending September 2016.
Petrol prices in the five largest cities (i.e. Sydney, Melbourne, Brisbane, Adelaide, and Perth) decreased by 3.8 cents per litre (cpl) in the September quarter 2016 to 114.2 cpl. This is lower than the 118.0 cpl of the previous quarter and was 7.5 cpl lower than the annual average of 121.7 cpl in 2015-16.