/ 19 October 2021

Petrol costs how much?


With borders reopening and people looking forward to Chrissy holidays and those glorious hours spent in a car, you might want to brace yourself… Oil prices yesterday hit their highest mark in years thanks to strong global demand as industries ramp up production to shake off the COVID-19 pandemic, and power generators in Asia and Europe look for alternative fuel sources other than heaps expensive gas and coal. So when you hear that Australia yesterday recorded record high petrol prices – and it’s only going to continue to go up – well, it’s a lot. It was 18-months ago that prices were super low, and compared to those days, analysts say it is costing motorists an extra $56 each time they fill up a 70-litre car with petrol. Yikes…

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