11 October 2008
THE petrol industry is bracing itself for a five-cent-a-litre price rise next week, due to the plunging Aussie dollar.
The dollar lost another 2.5 cents yesterday trading at 66.6 cents to the US dollar, having fallen consistently since it was 84.2 cents to the US dollar on September 23. Although the price of international oil has fallen 19 per cent in the past week, trading at US$86.59 yesterday, the fall in the Aussie dollar means local retailers are paying more for oil. SMHGet up to $600 in 1 hour with a Payday Loan!
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