Motorists face $2 petrol for months to come as oil-price plunge fails to deliver bowser relief

A squeeze on refining capacity means falling oil prices are unlikely to deliver much bowser relief.

Australian motorists will be charged sky-high petrol prices for months to come despite falling global oil prices, a leading analyst has warned.

Households in Melbourne, Sydney and Brisbane are already paying more than $2 a litre for petrol ahead of the school holidays, as a cost-of-living crisis continues to bite into budgets and threaten the economy.