Regional diesel fuel prices stabilise at around 118c/l

DIESEL fuel prices in regional non-metropolitan areas across Australia have stabilised at an average of around 118c/litre over the past month, ending a gradual decline seen since early June. Prices reported in the latest weekly survey conducted by the Australian Institute of Petroleum have fallen up to 6c/litre in some states since surveys taken in July. The International Energy Agency’s latest oil market report suggests that with the price of oil at current low levels, one would expect supply to contract and demand to grow strongly. “However, the opposite now seems to be happening,” the IEA says. “Demand growth is…

Source: Beef Central
Regional diesel fuel prices stabilise at around 118c/l