Russia’s invasion of Ukraine is partly to blame for inflated diesel prices, which have soared beyond the cost of regular petrol.
The price of diesel remained significantly higher than petrol in the December quarter of 2022, with supplies reduced from Russia and France because of refinery strikes.
The consumer watchdog found that diesel prices were also kept high in the quarter due to increased demand for heating during winter in the northern hemisphere.
Diesel set people back an average of about $2.23 per litre in Australia’s largest capital cities of Sydney, Melbourne, Brisbane, Adelaide and Perth during the quarter.
The Australian Competition and Consumer Commission found that that was about 40 cents more per litre than average petrol prices, which came in at about $1.83 per litre in Australia’s largest capital cities….