Petrol prices continue to bottom out in Echuca-Moama with the average petrol price falling by 10 cents at most service stations since December.RUTH CLAYTON January 24, 2013 4:43am
Echuca petrol prices have remained among the cheapest in regional Victoria after dropping to a 21-month low three weeks ago.
Echuca’s average petrol price last week was 138.3 cents/litre, the cheapest of 30 rural Victorian towns on the Australian Institute of Petroleum’s research website and even cheaper than the 139.9 cents/litre recorded on January 1.
It is also cheaper than the Melbourne average last week, which was 139.6 cents/litre, and the Victorian state average of 140.8 cents/litre.
Petrol fell by 10 cents at most service stations in Echuca-Moama in late December and early January following the opening of a United service station on the Northern Hwy on December 21.
Last week’s average price in Echuca is a far cry from what consumers were forced to pay only two months ago.
Echuca recorded an average petrol price of 150 cents/litre for the week ending December 2 and 152 cents/litre for the week ending November 4.
Independent pricing analyst David Cumming said petrol price margins for Echuca were currently very good.
Mr Cumming said Victoria’s unleaded petrol wholesale price was currently 130 cents/litre and, with delivery costs, margins for Echuca service stations were about 4-5 cents/litre.
‘‘That is unusual for country areas,’’ Mr Cumming said.
‘‘They tend to operate on a much larger margin than that.
‘‘(It’s) better than you would normally expect from that distance from from Melbourne.’’
Mr Cumming said it would appear the new service station had led to greater competition, but it probably would not last in the long-term.
He new service stations had cheap fuel between three and four weeks after opening to let consumers know they were there.
‘‘They’ve created an expectation that they would be cheaper,’’ Mr Cumming said.
Shepparton’s Declo Bisimwa firmly believes education is the key to a better life.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
When Keith and Marion Grumley and their growing family moved to Tatura on January 18, 1968, little did they know that it would be the start of a long and lasting connection to the town.
Garners Boxing Gym in Echuca is encouraging young people to get active with weekly boxing/cardio classes.
Rochester Rotary Club has celebrated its 50th birthday in style.
Sorting future of Campaspe pools
A theatre production with a difference is coming to Seymour.
Local athletes will go head-to-head with some of the best competitors from around the world in swimming and athletics in December.
District residents and visitors will be able to enjoy some of the region’s most beautiful private gardens on Sunday.
The 116th annual Cobram Show went off with a bang at the weekend, drawing in crowds from far and wide for two days of fun.
Tomorrow is a Total Fire Ban day in Deniliquin, meaning no fires can be lit in the open and all fire permits are suspended.
Fifty new full-time jobs will be created at Tatura with a multimillion-dollar expansion of the abattoirs expected to be announced today.
Remembering Australian political giant Gough Whitlam who once called on Benalla police to stop then Treasurer Frank Crean on his journey up the Hume to phone the PM.
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