Sky News Business Editor Ross Greenwood says the government does not need to adjust petrol prices for Australians.

“The oil price is coming down anyway as it is so from that point of view petrol prices will come down,” Mr Greenwood told Sky News Australia host Chris Kenny.

“So long as the government can make certain there is enough competition between the oil companies.

“When you have got oil today in the sixties when it was at one stage up close to $90 … those prices are going to come down.

“The government doesn’t need to do it.”

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