OIl - Market Watch INTERNATIONAL

Market Watch INTERNATIONAL

The following charts show the recent evolution ofinternational prices of the relevant reference price of gasoline and diesel in Australia. These prices include the price of gasoline market in Singapore (MOPS95 petrol) and diesel (10 purposefulness)and the market price of Brent crude oil carpets and dated.

Australia's oil refineries in constant competition with imported petroleum products from refineries in Asia large venues very effective, regardless of the cost of importing and refining crude oil.Consequently, the price of gasoline at the refineries in Australia is based on oil prices internationally. If local prices are higher thaninternational prices, gasoline imports displacelocal production.

The charts show the market price of unleaded gas online, diesel and crude oil. Price of crude oil, gasoline and diesel are closely related, as the price of crude oil accounts for most of the costs of producing a liter of petrol or diesel. Crude oil is purchased in U.S. dollars, which means that changes in the value of the Australian dollar against U.S. dollar have a direct impact on the relative price of crude oil in Australian dollars.Therefore, changes in the exchange rate of the Australian dollar / US dollar should be taken into account when looking at price movements of crude oil.