The Australian Competition Authority announces that restrictions on travel and economic activity due to the COVID-19 outbreak have an enormous effect on petrol prices

Petrol prices ended bumpy year slightly lower as demand rebounded* Petrol prices in Australia’s five largest cities stabilised at the end of 2020 after an unpredictable year and petrol sales volumes continued to recover from their earlier pandemic-driven slump. That’s according to the ACCC’s latest petrol monitoring report which shows the average retail price for petrol in the December quarter 2020 across Sydney, Melbourne, Brisbane, Adelaide and Perth was 121.4 cents per litre (cpl), a decrease of only 0.7 cpl from the previous quarter. Of the five capital cities, Adelaide had the largest decrease in the average retail price (7.0 cpl) in the December quarter, and Sydney had the largest increase (3.4 cpl). Petrol sales volumes across Australia picked up in the December quarter and

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Australian Competition Authority, The Australian Competition Authority announces that restrictions on travel and economic activity due to the COVID-19 outbreak have an enormous effect on petrol prices, 4 March 2021, e-Competitions Competition Law & Covid-19, Art. N° 99518

Visites 226

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues