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Vlado Vivoda, Honorary Fellow, The University of Queensland

Have we seen the last of $2 petrol for a while?

Erik Mclean/Unsplash, CC BY

Average fuel prices in Australian capital cities remain well below the peaks seen in March and June. Recent data reveal fuel is around 30-35 cents per litre lower than the highs of two months ago. As of last week, the average price of 95 octane unleaded across eight capitals stood at A$1.90 per litre.

The question on the minds of many motorists and businesses relying on road transport to deliver goods and services is: have we seen the last of $2 petrol for a while?

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