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Articles on Petrol prices

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Have we seen the last of $2 petrol for a while?

If the fuel excise cut is not extended, average petrol prices in Australia will almost certainly return to the above $2 territory by early October. But a different solution is needed.
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Explainer: How South Africa’s petrol price is set

South Africa hasn’t achieved its policy objective of deregulating the fuel price because vested interests have opposed this, and the government doesn’t have the political will to implement the policy.
The research looked at the price setting in a number of petrol retailers in Perth over five years. Julian Smith/AAP

New research shows how petrol retailers pushed prices up in Perth

New analysis of the behaviour of petrol retailers in Perth over a period of five years shows how tacit collusion caused prices to increase by up to 50%.
Saudi workers have been given a pay bonus by their new king, but unless oil prices rebound the country will find itself eating into its US$750 billion sovereign nest egg. EPA/Ali Haider

Black oil, red budgets: how long can Gulf states endure low prices?

In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in…

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