The government had reduced fuel taxes to limit price increases in a context of war in Ukraine. The measure is now complete and if, for the moment, prices remain contained, Australians are worried.
Sydney motorists are the first to be surprised. The lifting of the rebate of 22 cents (16.8 CFP francs) did not result in an instantaneous increase of 22 cents in the price of a liter of unleaded.
According to data from the Australian Petroleum Institute, the rise in petrol prices since the return of the full rate of petrol tax is less than 10 cents. With an average price at the national level for a liter of unleaded which stands at 1.82 dollars, or regarding 140 francs per litre.
So how to explain it? Well, it’s due to the cyclical nature of gasoline prices and the fact that we are currently at the bottom of the wave. That is to say at a time when prices are particularly low.
Unfortunately, if we are to believe the experts, this wave of low prices will turn around within ten days and that might hurt a lot. Because very recently, OPEC, which brings together the largest oil producers, announced that it intended to reduce its production and therefore raise the price of a barrel on the international markets. In the coming weeks, we expect a price of 2.15 cents per liter at the pump.
A price level almost unprecedented in Australia, but which nevertheless remains nearly 15% lower than the prices recorded last month in New Caledonia.
Grégory Plesse’s report:
