Fuel companies are facing mounting pressure to drop prices at the bowser between now and Christmas.Following a peak of $1.40 a litre last week, petrol should be getting cheaper, but the NRMA warns some stubborn retailers are maintaining high prices.
“Prices are falling in Sydney – that’s a good sign,” the NRMA’s Peter Khoury told 9News.”They need to fall a lot quicker and they need to fall right throughout the Christmas and New Year period until we breach that $1.10 mark.”While Sydney fuel prices were lower on average throughout 2020 due to COVID-19, NRMA analysis reveals oil companies enjoyed record profits from longer fuel cycles and prices rising rapidly but dropping slowly.
Extracted in full from: https://www.9news.com.au/national/fuel-companies-face-mounting-pressure-to-drop-petrol-prices/2cc508bc-1cb6-4dff-a8b1-b9745ac45107
