Diesel and Petrol Prices

[Grover-98]

Just did a random search to see how much im being ripped off each time i go to the pump. Ok so for some reason us Diesel drives in 04 were paying $1.15 when Petrol was $1 but for some reason petrol has had its trip up high and come back down to the $1 but left Diesel up at $1.35, So for some reason they need that extra 20c and we don't interesting isn't it

[dmdigital]

OH dear, you're being ripped off at $1.35/L

Try a 10c/L drop from $1.899 down to $1.799 and they've left the ULP at $1.889 and it's taken them a month to drop 10c/L on the diesel.

[Disco2tow]

I don't know for sure but I have heard that we refine petrol in AU so cost is controlled locally but we buy diesel from Singapore. Why I have no idea? But that was what I was told by a BP Executive.
It is unfair.
Also the government & the media don't care about the price of diesel because they figure the people who use it write it off as an expense to their business versus petrol which comes directly out of the average person’s pocket. Not true but nice to know no one gives a rats about the diesel drivers.
The cost of diesel should be looked at more carefully as the rising cost affects everyone through higher production costs.

[JDNSW]

When I was in town the other day, petrol was $0.99 and diesel $1.379.

There are several reasons for diesel being a lot less volatile than petrol. Perhaps the two major ones are that firstly, probably the vast majority of diesel sold is NOT sold at the pump price, but is sold under long term contract to commercial users, and the second reason is that with the diesel throughput for most servos being a small fraction of their petrol throughput there is not much reason for them to compete vigorously with it - and in any case it stays in the tank longer, so changes in price happen more slowly.

John

[p38arover]

I don't know for sure but I have heard that we refine petrol in AU so cost is controlled locally but we buy diesel from Singapore. Why I have no idea? But that was what I was told by a BP Executive.

I don't believe that is quite right.

My understanding is that the Federal Govt tied fuel prices in Australia to the Singapore price - this applies to petrol as well as diesel.

See Caltex - Fuel Pricing FAQs

The prices of petroleum products from Australian refineries are based on their import parity prices, which are calculated according to the cost of importing the same products from Singapore refineries to Australia. They are not based on crude oil prices.

I note that ULP fluctuates throughout the week by up to 10c/litre but PULP doesn't seem to move much at all.

[chazza]

Surely the answer is make you own bio-diesel