Why petrol prices are rising – and risk keeping inflation and rates high
Petrol has hit new highs in Sydney and Melbourne recently and the NRMA says oil prices aren’t to blame.
Sydney Morning Herald
Gasoline
Liquid fuel, also called petrol, derived from petroleum
Gasoline or petrol is a petrochemical product characterized as a transparent, yellowish, and flammable liquid normally used as a fuel for spark-ignited internal combustion engines. When formulated as a fuel for engines, gasoline is chemically composed of organic compounds derived from the fractional distillation of petroleum and later chemically enhanced with gasoline additives. It is a high-volume profitable product produced in crude oil refineries.
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