Can someone explain this to me:
Before the current oil crisis petrol in England was around 80p/litre - in Australia it was around 95c/litre
Now it is 106p / litre in England but 145c/litre in oz
i.e. UK has about a 25% rise, Australia has 50% rise over the same period. Both by petrol on the world market, and the exchange rate has remained pretty steady.
Any ideas?
