FUEL – PRICES – AUSTRALIA

Diesel ute sales fall off a cliff as fuel prices bite

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Original article by Ryan Cropp
The Australian Financial Review – Page: 8 : 6-May-26

Data from the Federal Chamber of Automotive Industries and the Electric Vehicle Council show that China’s BYD was the second-highest selling brand in Australia during April. The figures show that fully electric vehicles accounted for one in six new car sales for the month, with large diesel utes and four-wheel drives bearing the brunt of rising fuel prices. Sales of the Toyota HiLux fell by 31 per cent year-on-year, while Ford Everest sales were down more than 29 per cent. Sales of petrol cars overall fell by 30 per cent in April, while diesel vehicle sales were 21 per cent lower. In contrast, sales of BYD’s Sealion 7 electric car rose by more than 139 per cent year-on-year.

CORPORATES
FEDERAL CHAMBER OF AUTOMOTIVE INDUSTRIES, ELECTRIC VEHICLE COUNCIL, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, FORD MOTOR COMPANY AUSTRALIA LIMITED, BYD COMPANY LIMITED

Why Australians are paying 50% more for air fares than pre-pandemic even as jet fuel costs drop

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Original article by Jonathan Barrett, Elias Visontay
The Guardian Australia – Page: Online : 31-May-23

Data from the International Air Transport Association shows that the price of aviation fuel has halved since peaking in mid-2022, and it is now priced at around the levels at which many airlines operated profitably in 2018. However, data from flight search company Kayak shows that this is not being reflected in the price of airfares in Australia. The average domestic airfare is now about 10 per cent higher than prior to the COVID-19 pandemic, while the average international airfare is more than 50 per cent higher. Nick Schroeder from IBISWorld expects the price of international airfares to start falling in the second half of 2023, adding that they could potentially fall to around pre-pandemic levels within 18-24 months.

CORPORATES
INTERNATIONAL AIR TRANSPORT ASSOCIATION, KAYAK, IBISWORLD PTY LTD