How are fuel prices set in Australia?
How Petrol Prices are Determined in Australia: The Role of Malaysian Tapis
In this video, we delve into the factors that influence petrol prices in Australia. Learn about the significance of the regional benchmark price for crude oil, known as Malaysian tapis, and its impact on the terminal gate price and ultimately at the bowser. Understand the timeline of price changes from global crude oil fluctuations to local market adjustments.
00:00 Introduction to Petrol Prices
00:03 Global Factors Influencing Oil Prices
00:12 Understanding the Regional Benchmark: Malaysian Tapis
00:23 Impact of Global Events on Oil Prices
00:31 From Crude Oil to Terminal Gate Price
00:51 Calculating the Terminal Gate Price
01:06 From Terminal Gate Price to Bowser
01:27 Conclusion: The Journey of Petrol Pricing
Podcast links:
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
Listen on Spotify: https://spoti.fi/3fSPI2h
Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
Get stories like this in our newsletter: bit.ly/3GDirbR
