Thursday, Apr 10, 2008 at 18:21
Hi Rodbart
I’m not sure that the price of diesel is cheaper in other countries. In the US, for example, the price of diesel is more expensive than petrol. The UK is similar, that is on average diesel costs more than petrol.
On April 7 the average price of petrol across America was US$ 3.35 per gallon, whilst the price of diesel was US$ 4.01 per gallon. Expressed as a percentage the average price of diesel was 16% higher than petrol.
If you look at the Exploroz fuel watch today (acknowledging 3 days later) the average cost of diesel in
Australia is 9% higher than petrol.
Another important factor affecting the price of diesel is the new emission standards that have been introduced across a wide number of industrialised countries. These standards require lower sulphur content and this has changed the refining process for diesel and increased the cost of production.
It’s an interesting topic and one that produces plenty of emotion, as it should when it hits the hip pocket, but often the facts are easily overlooked in our
search for answers. And I’m not intending to have a go at you….just trying to look at it objectively.
Cheers
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