foreign exchange

Could we be paying too much for our petrol?

Peter Martin - October 21, 2008 - 11:06am

Mmmm...

Australian petrol prices have fallen by less than 14 cents a litre at a time when the international oil price has more than halved.

The figures, provided to The Age by Australia's petrol prices commissioner designate Joe Dimasi, suggest that Australian retailers and oil companies have been dramatically widening their margins - although the commissioner is not ready to jump to that