Drive
Australians urged not to panic about petrol prices
Executive Summary
Summary: Petrol prices in Australia are unlikely to spike soon, despite tensions in the Middle East. Experts state that the chances of oil supply disruptions are minimal, as over 50% of Australia’s fuel comes from Singapore, not the Middle East. The Australasian Convenience and Petroleum Marketers Association reassured consumers that the market remains competitive, meaning any increases due to potential conflicts would be mitigated by other oil producers ramping up supply.
Brands mentioned: RACQ, NRMA, RACV, AA, Petrol Spy
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Australians urged not to panic about petrol prices
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