Rising Petrol Prices Spark Higher Inflation Worries in Australia

Rising Petrol Prices Spark Higher Inflation Worries in Australia
Petrol bowsers are seen out of order in Sydney, Australia, on March 20, 2008. Cameron Spencer/Getty Images
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Australians are feeling pain at the pump after petrol prices reached record highs in recent weeks, eliciting more calls for a slash in fuel excise tax to curb the rising cost of living.

The Australian Institute of Petroleum, an industry representative body, said the national average price for unleaded petrol went up another three point three cents in the week commencing Feb. 28 to $1.83 per litre (US$5.07 per gallon).
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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