Diesel prices drop to year-lows, benefiting farmers and transporters across Australia.

Diesel prices have hit year-lows, falling from $2.09 to around $1.80 per liter, benefiting farmers, transporters, and machinery operators. Despite geopolitical tensions and supply risks, global fuel markets remain stable. The trend could continue due to reduced industrial and freight activity, though risks like conflicts and trade disruptions could cause price fluctuations. Australia's diesel prices are among the lowest in OECD countries, with the market showing resilience to uncertainties.

4 months ago
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