Australia's Q4 2023 petrol prices dropped 0.7 cpl to 194.9 cpl, driven by international refined petrol price fluctuations.
Australia's petrol retail prices dropped 0.7 cents/litre (cpl) in Q4 2023, but remain high at 194.9 cpl, according to the Australian Competition and Consumer Commission (ACCC). The five largest cities' average monthly petrol prices decreased from 206.6 cpl in September 2023 to 186.6 cpl in December 2023. The ACCC attributes these changes primarily to fluctuations in international refined petrol prices.
March 19, 2024
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