Prices at the pump expected to drop in coming weeks

MOTORISTS are enjoying a slight reprieve at the bowser with falling global oil prices and a stronger Australian dollar pushing petrol prices down from their recent highs.

Figures from Commsec and the Australian Institute of Petroleum show the national average petrol price fell by around 7 cents a litre in the last fortnight to 151.2 cents a litre.

Commsec economist Savanth Sebastian expects more good news for drivers in the coming weeks.

"The Singapore unleaded price, where we derive our fuel from, that's fallen by $6 a barrel in the past week," he said.

"It should make fuel much cheaper in a fortnight's time.

Read more at ABC News Online

Topics:  commsec exchange rate petrol prices

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