In the first quarter of 2024, the largest component of average retail petrol prices in Australia was the international cost of refined petrol, also referred to as Mogas 95, accounting for a 49 percent share. Some of Australia's refined petrol demand must be imported from international markets as its local refining capacity cannot produce all of the country's fuel needs.
Distribution of average retail petrol prices in Australia in first quarter 2024, by component
Characteristic
Share of petrol price
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Based on average petrol price of 194.9 cents per liter in the five largest cities: Adelaide, Brisbane, Melbourne, Perth, and Sydney. ‘Petrol’ means regular unleaded petrol (RULP) in all locations.
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ACCC. (June 12, 2024). Distribution of average retail petrol prices in Australia in first quarter 2024, by component [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1316751/australia-retail-petrol-cost-breakdown-by-component/
ACCC. "Distribution of average retail petrol prices in Australia in first quarter 2024, by component." Chart. June 12, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1316751/australia-retail-petrol-cost-breakdown-by-component/
ACCC. (2024). Distribution of average retail petrol prices in Australia in first quarter 2024, by component. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1316751/australia-retail-petrol-cost-breakdown-by-component/
ACCC. "Distribution of Average Retail Petrol Prices in Australia in First Quarter 2024, by Component." Statista, Statista Inc., 12 Jun 2024, https://www.statista.com/statistics/1316751/australia-retail-petrol-cost-breakdown-by-component/
ACCC, Distribution of average retail petrol prices in Australia in first quarter 2024, by component Statista, https://www.statista.com/statistics/1316751/australia-retail-petrol-cost-breakdown-by-component/ (last visited July 22, 2024)
Distribution of average retail petrol prices in Australia in first quarter 2024, by component [Graph], ACCC, June 12, 2024. [Online]. Available: https://www.statista.com/statistics/1316751/australia-retail-petrol-cost-breakdown-by-component/