News

Motorists Should Expect Lower Petrol prices

7.6.2007

Australian motorists should see lower petrol prices running into and over the Queen’s Birthday weekend, in line with falling international petrol prices.

The Australian Automobile Association – the peak national motoring organisation – has called on Australian oil companies to reflect the lower Singapore petrol price, which has dropped some $A9 a barrel over recent weeks.

AAA Executive Director, Mike Harris, said Australian motorists and their families should expect to see lower prices over the long weekend and into next week.

“The oil companies have long claimed the high petrol prices are a direct reflection of high international prices – well it is now time for the price to come down in line with those prices,” Mr Harris said.

“It is pleasing to see the Chair of the Australian Competition and Consumers’ Commission, Graeme Samuel, today warning oil companies that their prices need to fall – it is now up to the companies to oblige.”

Mr Harris said AAA expected petrol prices to be several cents lower than they are for the traditional Thursday weekly “spike”, with further price drops into next week.

“Motorists and their families should look forward to the long weekend in expectation of lower petrol prices.”

Mr Harris said the AAA and Australia’s motoring clubs would be checking petrol prices across the country over the weekend to see if the lower prices were available to drivers.

Mr Harris reminded drivers that Tuesday was normally the cheapest day in the weekly cycle to buy petrol.

 

Related Documents