MOBILE phones are driving motorists towards cheaper petrol prices.
The Australian Competition and Consumer Commission's sixth quarterly report, released yesterday, showed petrol prices decreased significantly from January 1 to the end of March.
The average petrol price in Sydney, Brisbane, Melbourne, Adelaide and Perth during the March quarter was 111.0 cents per litre - 13.4 cents lower than in the previous quarter and 22.2 cents lower than in the September quarter.
The lower prices flowed from weaker crude oil prices and decreased gross retail margins.
ACCC chairman Rod Sims said technology such as the 7-Eleven fuel app, the GasBuddy app and the newly updated MotorMouth app were also helping drivers save dollars at the bowser.
"The release of these mobile apps ... allow consumers to make better informed purchasing decisions and reward retailers who discount prices, therefore promoting greater price competition," he said.
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