Fuel Prices Before Easter Hit 99c Low

The Fuel price board outside the new Mobil Service Station at Salamander Bay. Photo by Marian Sampson.


FUEL Prices have hit a low in the Bay with one service station retailing E10 for 99 cents per litre.

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It is three weeks since the first predictions that petrol could drop to $1 a litre in Australia after a price war ignited between Saudi Arabia and Russia amid coronavirus fears.

Oil prices plunged over 20% in early March with concerns that the coronavirus outbreak would see the demand at the pump decrease with essential travel restrictions.

Normally we see fuel prices go up and down due to a combination of factors, changes in international benchmark prices, fluctuations in the Australian dollar, pricing decisions by fuel wholesalers and retailers and levels of competition.

Most motorists would argue that pre school holidays and public holidays usually sees a price hike at the bowser; not so far this holiday period.

How low we will see fuel drop during the Corona Virus crisis remains to be seen.



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