An NMRA spokesman has related that petrol prices in and around Sydney are expected to drop below $1.00 per liter. Both oil prices and the strong value of the Australian dollar are contributing to this price drop. The oversupply of oil around the world is also helping keep prices low. If you are planning a trip, it might be a good idea to wait to fill up because the prices will likely be lower than they are now.
- It’s normal for prices of oil to move and fluctuate considerably more slowly in New South Wales than is the case in Sydney.
- In late July, oil prices dipped 10 cents, with an expectation for that to be followed soon after with another 10 cent dive.
- Insurance agents are noting that a strong Australian dollar (currently, getting 80 cents on the dollar) is good for motorists.
“Petrol prices across Sydney have begun to fall and are expected to fall below a $1 per litre according to NRMA spokesperson Peter Khoury.”