Price of Fuel January 2016

The average price of petrol I paid during January 2016 averaged $1.16 per litre for 91 Octane unleaded add 10-12 cents for 95 Octane and usually 15-20 cents for 98 Octane. As I post the last price (31.1.16) I saw was $0.999 – wow! that’s like the price over 10 hers ago but how long will it last?

Diesel was priced around the $1.16 per litre the last time I looked.

Mid January 2016, during the share market turmoil saw the price of a barrel drop under $30.00 per litre. This means that the retails price should be closer to $1.00 AUD and NOT the $1.20 they are selling it for.

Note that fuel prices vary according to area and the level of competition and a whole heap of other factors like shopping discounts and so forth, however unreasonable high prices at this time of the year is greed.