Petrol prices are beginning to fall on the east coast, easing at least some of the costs in the leadup to Christmas.
The NRMA’s Peter Khoury told Sky News while prices were dropping by one or two cents a day, it would be better for consumers to see it drop faster.
“We would like to see falls happening quicker than they have been because historically throughout 2020 what we know is that when the prices go up with the cycle they spike very quickly,” he said.
“And when they fall, they fall at a snail’s pace and that’s what we’re currently seeing, but they are certainly falling in most of the capitals that have price cycles.”
Mr Khoury confirmed the current coronavirus outbreak in Avalon had nothing to do with the fall in prices, but they are wanting petrol stations on the Northern Beaches to begin lowering their prices.
“The factors that will determine prices in Australia don’t happen in Australia, they happen globally,” he said.
“I don’t think anyone in Sydney or Australia right now have any patience or tolerance for anything other than doing the right thing at the bowser.”