Tag: OPEC

October petrol prices hit seven-year high

Daily petrol prices on a seven-day rolling average basis in Sydney, Melbourne, Brisbane, Adelaide and Perth increased to 172.4 cents per litre (cpl) at the end of October 2021, the ACCC’s latest...

Petrol prices rise due to international crude oil prices

Higher petrol prices in Australia’s largest capital cities in March 2021 quarter, has occurred due to cuts in oil production by the OPEC cartel and other big producers. This is in combination with...

Petrol prices highest in more than a year in December quarter

According to the Australian Competition and Consumer Commission (ACCC), the December quarter 2016 had the highest quarterly average petrol prices since the June quarter 2015. This coincided with unprecedented growth in popularity of...
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