Diesel up US$20 per barrel in last three weeks
Submitted: Tuesday, Apr 29, 2008 at 17:51
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The Landy
The price of Singapore Gasoil (diesel as we know it) has increased in price from US$125 per barrel around the first week of April to US$145 today. In Australian dollar terms that translates into an A$0.13 cent per litre increase over the 2/3 week period.
Usually there is about a 2/3 week time lag between price changes in Singapore before they are reflected in the pump price in Australia. Based on this we should expect higher pump prices feeding in now and over the next couple of weeks.