More fuel price woes on the horizon as carbon tax is introduced in June

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Those who were hoping for relief in June will be disappointed as the new CO2 tax and uncertain global oil prices do the cost of petrol and diesel no favours.

Fuel data for May is showing a listless fuel price picture. This is according to the Automobile Association which quotes unaudited mid-month fuel price data released by the Central Energy Fund.

The association said the international oil price had also ebbed and flowed, with the landed basic price of petrol dropping by more than 60c a litre in the first days of May before regaining ground after the election. "Diesel fared worse, with a slight increase of 12c a litre on the cards, and illuminating paraffin showing a 9c rise."

 

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