Prices at the pump expected to drop in coming weeks
MOTORISTS are enjoying a slight reprieve at the bowser with falling global oil prices and a stronger Australian dollar pushing petrol prices down from their recent highs.
Figures from Commsec and the Australian Institute of Petroleum show the national average petrol price fell by around 7 cents a litre in the last fortnight to 151.2 cents a litre.
Commsec economist Savanth Sebastian expects more good news for drivers in the coming weeks.
"The Singapore unleaded price, where we derive our fuel from, that's fallen by $6 a barrel in the past week," he said.
"It should make fuel much cheaper in a fortnight's time.
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