Oil prices soar: Sydney petrol prices hit record high

Oil prices soar: Sydney petrol prices hit record high

2 months ago
What happened? Last week, the Brent crude price jumped US$7.52 a barrel or 11.5 per cent to US$72.70 a barrel. And the US Nymex price added US$6.42 a barrel or 10.3 per cent to US$68.74 a barrel. It was the biggest percentage gain for both prices since June 2020. According to data from the Australian Institute of Petroleum, the Sydney average price of unleaded petrol rose by 10.5 cents a litre last week to a […]
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ATO: Excise duty rates for fuel and petroleum products

3 months ago
Effective August 2nd 2021, there will be a change in the excise calculation, as requested by the Australian Tax Office. To better represent the actual blend of Gasoline from 42.7 to 43.3 and Diesel from 42.7 to 43.30 and for the E10 product, the excise calculation will change from 14.0 to 14.20 and B100 product the excise calculation will change from 8.50 to 8.70. For the full detail please click on this link.  
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Petrol fuels inflation spike to 3.8 per cent

3 months ago
The annual rate of inflation has soared to 3.8 per cent following a jump in fuel prices. The Australian Bureau of Statistics said the consumer price index rose 0.8 per cent in the June quarter. “Rising fuel prices accounted for much of the increase in the June quarter CPI, with prices surpassing pre-pandemic levels,” ABS head of price statistics Michelle Marquardt said on Wednesday. Fuel prices rose 6.5 per cent in the quarter, while there […]
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Fuel up! Real-time petrol pricing is here

7 months ago
South Australians can now shop around for a bowser bargain with the Marshall Liberal Government’s real-time fuel pricing at their fingertips. Attorney-General Vickie Chapman says that motorists are now able to access real-time data through apps to assess what the nearest and best petrol price is. “This will give motorists purchasing power like never before,” Attorney-General Chapman said. “All petrol retailers must submit their prices to an aggregator, with the data then available for app […]
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Fuel reporting becomes compulsory in South Australia

8 months ago
Fuel retailers must register for the Fuel Pricing Information Scheme by 18 March 2021. Registration will open 17 February 2021. From 19 March 2021, fuel retailers must report their fuel prices to the central database/aggregation system. Fuel retailers in South Australia must report their fuel prices to a central database – known as the aggregation system. Data publishers can then publish fuel price information via their apps and websites, so that motorists can check and […]
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