Tuesday, 6 January 2015

Sydney petrol prices falling below $1 a litre




Sydney petrol prices falling below $1 a litre for the first time in the six years.

The petrol prices of E10 dropping to 99.9 cents per litre by Metro petroleum company in the three Sydney station, Tempe, Revesby and Blakehurst at 1pm on Tuesday.


Picture from: http://www.smh.com.au/business/sydney-petrol-prices-drop-below-1-per-litre-20150106-12inna.html

The last time the average national petrol price was below a dollar was in the week of February 12-20 2005. And the current price is around $1.14 per litre. The prices drop more than 40 cents a litre from a $1.55 high in the July 2014.
The prices of petrol seem to be stay at this stage in next few month cause by market oversupply.   




                                                                                                 By: Qian Zhou

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