PETROL prices have fallen to nine-month lows and motorists can expect them to keep on falling, a leading economist says.
Australians are now paying an average of 117.6 cents per litre for unleaded petrol.
Commsec chief equities economist Craig James says the benchmark Singapore gasoline price has fallen twice as far as the Australian pump price.
"In addition, Australian wholesale or terminal gate prices have fallen by a cent a litre over the past week and motorists have yet to see that reduction passed on at the petrol pump," Mr James said in his latest regular analysis of the petrol market.
"CommSec expects average Australian petrol prices to level out around $1.10-1.15 a litre in the next fortnight."
The cheapest capital city petrol price is in Brisbane, where motorists are paying 104.7 cents per litre, while the most expensive capital city is Darwin at 127.9 cents per litre.
AAP
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