Why is petrol so expensive in Australia? And when will petrol costs go down?

Why is petrol so expensive in Australia? And when will petrol costs go down?

Why is petrol so expensive in Australia? And when will petrol costs go down? Australian drivers are paying eye-watering prices for fuel, with the price of petrol passing $2 a litre. That's even after the fuel excise was halved in March, to 22 cents a litre, in a federal government move aimed at reducing the pressure on motorists. So will fuel prices drop in Australia? And is there a best day to buy petrol? Why is petrol so expensive in Australia right now? Australian fuel prices follow world prices, explains economics professor John Freebairn, from the University of Melbourne. He notes that world prices have increased as a result of global economic conditions, Russia's war in Ukraine, and Australia's dollar exchange rate. Russia is one of the world's largest oil …
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