Terry Collins: AA Principal Policy Advisor on the price of 91 petrol dropping below $3 a litre

Best of Business · Jun 29, 2026 · 2m · transcript

The average price for 91 petrol has quietly sunk below $3 per litre, and there's hope it could go lower still.

The Middle East conflict has seen prices reach historic highs, but the newly-announced agreement between the US and Iran has seen fuel costs fall.

AA expert Terry Collins says fuel prices are likely to sink lower over the coming days, but they won't go as low as they were last year.

"I see it getting a lot better, I don't see it getting as good as it was at the end of the year. So not so bad."

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