Originally Posted by
gregozedobe
IIRC correctly about 12 years or so ago that was the case, as that was when I bought my first diesel (Landcruiser 4WD). Pretty soon after that diesel started to cost about 4c litre more than ULP (on average), then slowly crept up over the next 3-4 years to be around 10-15c a litre dearer most of the time.
I'm hoping the current 38c differential is a short term aberration, and over the next 12-18 months the supply of diesel will catch up with demand, leading to a long term reduction in price at the retail bowser.
The scary thing is that based on the greatly reduced price of oil on the international market, ULP should be a fair bit cheaper than what we are currently being charged, so what does that say about current profit levels on diesel !