Petrol prices are set to fall

Mozo

Monday 14 May 2012

The cost of vehicle ownership has started to get out of control across Australia and a lot of people are being forced to reassess their driving habits.

Petrol prices have continued to rise sharply in recent months, leaving plenty of motorists with some severe financial difficulties.

However, Aussies could be in for a slight reprieve, as economists have predicted fuel rates to fall in the next few weeks, as the value of Asian oil has dipped.

Economist at Commsec Savanth Sebastian said that drivers should notice the changes within seven to ten days.

"Commsec expects pump prices to fall by around four cents over the next fortnight," he remarked.

There are a few ways to ensure the cost of owning a vehicle is not too burdensome. It is always worth comparing car insurance policies before signing up to a deal, as some companies will offer far cheaper rates than others.

Certain insurers specialise in different areas so, for example, women may get a far more attractive deal from one provider than they would from the majority of its competitors.

Petrol prices are set to fall

Have a question about car insurance? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801362007-ADNFCR

Back to top