AIP diesel chart for the week ending May 12. Click to enlarge
ONE of agriculture’s biggest inputs has hit its lowest price in more than a year, with the terminal gate price of diesel finishing last week at 162.7c.
Retail prices have followed, with the Australian Institute of Petroleum’s total regional average closing last week at 191.6c – which is also the lowest in more than a year.
While the price of diesel has dropped, it remains historically high and according to ABARES it is 56 percent above the 2017 average. The last dip in prices was at the end of 2021, with AIP’s national…
