Petrol Prices Surge as Australian Dollar Stays Weak

Petrol Prices Surge as Australian Dollar Stays Weak
A car drives past a flood-damaged service station in Lismore, Australia, on May 15, 2022. Photo by Dan Peled/Getty Images
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Petrol prices have soared to nearly $2 a litre (US$4.88 a gallon) on average across Australia as the weak Australian dollar makes it more expensive for the country to import fuel.

According to the Australian Institute of Petroleum’s latest report, the national average retail petrol price jumped 11.1 cents to $1.96 a litre in the week ending Nov. 6.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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