November 19, 2008...11:37 am

Petrol now 70c a litre below Peak Oil

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Petrol is down another 5c a litre. The pump price of 91 Octane is now 148.9c a litre, which is 70c below July 7’s Peak Oil price of 218.9c. Diesel has also fallen by 5c and is now 120.9c, a drop of 65c since Peak Oil. For Insider, Shell announced this in a media release at 11am. Pump prices are now back to May 2007 levels.

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