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At a Glance How are Petrol Prices Determined in Australia

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Fuel prices around the world are largely determined by regional markets and the benchmark prices and government taxes applying in those markets.

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The oil industry today supported the announcement by the Federal Minister for the Environment Robert Hill that leaded petrol would be phased out nationally by 1 January 2002. 'The oil companies will be introducing lead replacement petrol progressively in each State, in consultation with Stateā€¦