What we are forgetting is that a fair bit of diesel is imported too, (mostly Singapore, which should be good fuel) and while technically it's supposed to meet the Oz spec, I've heard talk that in practice this often doesn't occur, depending on where it's sourced from.......
[edit] 40% of diesel is imported
Facts about Diesel Prices
- To meet Australian diesel demand, over 40% of diesel is imported, mostly from Singapore, Korea and Japan.
- Australian refiners must price diesel to be competitive with imports (ie. import parity) from the Asian region; if diesel prices were lower here, this would provide an incentive to Australian refiners to export diesel to Asia.
- Growing demand for diesel in Australia will continue to be largely met by imports in the future, further strengthening the price relationship with Asian diesel prices.
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