Motorists may wait weeks for lower petrol prices as retailers use up old stock

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Motorists may wait weeks for lower petrol prices as retailers use up old stock
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Australia’s market watchdog will monitor service stations to ensure fuel excise cut is passed on to consumers in full

Peter Khoury, a senior spokesperson for NRMA, said petrol prices waxed and waned according to retailers’ discount phases. Global oil prices, which set the broader trend with a couple of weeks delay, have posted “significant” falls in recent weeks.

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