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The Guardian - AU
The Guardian - AU
National
Luca Ittimani

Global oil prices have plunged. So when will Australian motorists see cheaper petrol?

Peter Khoury Oil Petrol Australia United States NRMA Vivek Dhar OPEC
Global volatility means Australian motorists can’t assume they’ll be spending less at the bowser, says NRMA spokesperson Peter Khoury.
Global volatility means Australian motorists cannot assume they will be spending less on the price of petrol, says NRMA spokesperson Peter Khoury. Photograph: Joel Carrett/AAP

Oil prices crashed again this week, sending the cost of petroleum plunging to four-year lows.

Yet Australian motorists have seen little relief at the petrol pump despite months of depressed crude prices, raising questions over whether lower wholesale costs will be passed on.

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