Global oil giants gouging Australian motorists, experts warn

Motoring groups are warning drivers petrol prices could remain excessively high into and through the upcoming Summer holiday period.

A drone strike targeting a Saudi Arabian oil field in September slashed global oil supply sending the price of fuel soaring.

Local Australian petrol stations hiked prices at the bowser the week after the attack, but despite the global oil price having since come back down, petrol stations still have exorbitantly higher pump prices.

 

Extracted from ABC

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