April petrol prices plummeted to record lows
(World News Russia)

6 July 2020 A global crude oil surplus and COVID-19 restrictions on travel and economic activity led to the lowest monthly average petrol prices on record during April 2020 in Australia`s five largest cities. The ACCC`s latest petrol monitoring report showed the monthly average retail price for petrol was 102.6 cents per litre (cpl) in Sydney, Melbourne, Brisbane, Adelaide and Perth. This is the lowest inflation-adjusted monthly price recorded since comprehensive retail prices began being collected in May 1991. On 23 April, seven-day rolling average prices fell below one dollar per litre for the first time since March 2005 and hit a low of 92.4 cpl six days later. Prices then increased to...