Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why hasn’t the price of petrol dropped with the price of oil?

April 26, 2017dropped Oil petrol price

0

Posted

Why hasn’t the price of petrol dropped with the price of oil?

1 Answer

0

Posted

When you’re looking at the price of petrol it’s important to always look at the oil price, plus the state of the currency. These are the two things that combine to influence petrol. While the oil price has dropped, the Aussie dollar has taken a hammering, so the price of importing has gone up. This has wiped out any gains with the oil price drop.