A report from the Australian Automobile Association finds cars may be using up to 60 per cent more petrol than advertised. Source: Flickr/Boegh
The average price of unleaded petrol across Australia jumped by 6 cents to 134.3 cents a litre in the past week, representing the single biggest increase in two years, new figures show. Petrol prices shot up by 9.1 cents in NSW, 4.7 cents in Victoria, and 12.5 cents in Tasmania, according to Australian Institute of Petroleum's latest weekly report. In an interview with Ivan Leung, Simon Wu from Simon Wu and Co. is going to tell us the reason behind the hiking of oil price and predict if it will go even higher in the near future.
The average price of unleaded petrol across Australia jumped by 6 cents to 134.3 cents a litre in the past week, representing the single biggest increase in two years, new figures show. Petrol prices shot up by 9.1 cents in NSW, 4.7 cents in Victoria, and 12.5 cents in Tasmania, according to Australian Institute of Petroleum's latest weekly report. In an interview with Ivan Leung, Simon Wu from Simon Wu and Co. is going to tell us the reason behind the hiking of oil price and predict if it will go even higher in the near future.
