Australia: Petrol ‘will go to $3 a litre’

As ridiculous and outrageous as it may seem, the country’s biggest petrol company says it will happen, and believes Australians should think themselves lucky they aren’t already paying more to fill up their tank.

The cover of the latest issue of Caltex’s magazine The Star features a cover predicting some time in the next decade when prices are 334.9c per litre.

The publication, sent to employees, franchisees and resellers, includes a foreword from managing director Des King saying prices in other countries were already more than $2 a litre and consumers have had to adjust to these.

Daily Telegraph, Sydney