Diesel prices drop

Diesel prices have fallen by an average of 2 cents per litre for the week ending May 3 2009.

Diesel prices have taken a dip over the last week with Australian Institute of Petroleum (AIP) figures for the week ended May 3 showing cheaper prices on average in all capital cities by an average of 2 cents per litre.

The AIP data is based on information provided by BP Australia, Caltex, Shell Australia and ExxonMobil.

The fall came despite a rise in oil prices to US$51 a barrel and an announcement by OPEC that it wants to see barrel prices rise to above US$70 a barrel in the near future.

Trader Business Media titles ATN, Owner//Driver and ABC now publish a summary of terminal gate diesel prices across key capital cities every week. To view this data, available only to subscribers, click here.

Subscribe to our newsletter

Sign up to receive the ABC e-newsletter, digital magazine and other offers we choose to share with you straight to your inbox

You can also follow our updates by liking us on Facebook