Petrol price
- Petrol prices have risen for the second consecutive week. The Australian Institute of Petroleum reports
that the average Australian petrol price rose by 0.5 cents a litre last week. The national pump price stands
at a 4-week high of 123.2 cents a litre. - The good news is that the strength of the Aussie dollar has added further downward pressure on the
wholesale price. The wholesale price (terminal gate) has fallen to a 11-month low, while the Singapore
unleaded petrol price is now at the lowest levels in 10-months. - Mobile phone shipments (in effect, sales) sales have slumped due to seasonality factors. However a more
smooth measure of activity would be a comparison of mobile phone shipments with the same period last
year, which shows sales, are down 5 per cent on a year earlier.
