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2026-04-07 11:17:05
[Australian petrol prices fall from record highs as government measures ease the impact of Middle East wars] (1) Australian petrol prices have fallen from record levels as government measures help ease the impact of the Middle East wars. In the week ending last Sunday, the average petrol price across Australia fell by more than 5% to AU$2.40 per liter, the first decline since the first week of February. (2) The government has introduced measures to ensure supply and reduce prices, including temporary tax cuts and the release of fuel from the national reserves. (3) Meanwhile, electric vehicle sales surged to a record market share in March, accounting for nearly 15% of total new car sales that month.
