Petrol prices should fall below $2 a litre before Christmas - a level they haven't hit for nearly three years, motoring lobby group the Automobile Association says.
Fill up your tanks! Petrol prices drop to two-and-a-half-year low http://t.co/J9EiM8ousX pic.twitter.com/B5ULcQDE8e
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Crude oil prices are on the retreat after the Organisation for Petroleum Exporting Countries decided against cutting production last week, and fuel prices fell again today by 3 cents a litre.
Automobile Association analyst Mark Stockdale said the price of 91 octane was about $2.03 a litre and diesel $1.34.
On current trends, petrol prices in the main centres could drop below the $2 a litre mark soon, for the first time in two-and-a-half years.
"There's every chance that we'll get prices below $2 a litre across the country," Stockdale said.
"It's been a long time since motorists have seen prices below $2, and I think that's going to be good news for motorists in the lead-up to our Christmas holidays."
