Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

The future of petrol prices amid plummeting oil prices

Article image for The future of petrol prices amid plummeting oil prices

The consumer watchdog is warning the petrol industry it will be monitoring their prices amid sharp declines in international oil markets.

Australian petrol prices have dipped well below the $1 per litre mark in the past week, with some retailers charging as little as 85 cents for E10 Unleaded.

But with oil prices falling into negative territory there is a chance petrol prices could be brought down even further.

“The average service station is probably only selling half the volume which means their costs are higher,” Australian Competition and Consumer Commission chair Rod Sims told Alan Jones.

“You certainly can’t complain about average prices. In Sydney 93, Brisbane 92.”

Click PLAY below to hear the full interview

Image: Getty

Advertisement