Easter petrol reprieve for motorists to be 'short-lived' as global oil cartel slashes production

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Easter petrol reprieve for motorists to be 'short-lived' as global oil cartel slashes production
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Australians hitting the road this Easter are likely to be spared any immediate hit from a bid by the global oil cartel to boost sagging prices.

He said the cuts amounted to a "tweaking" of global output, which hovered around 100 million barrels per day.

"People in OPEC have no regard to the fact Australian motorists are going off on their Easter break," Mr McKenzie said. According to Mr McKenzie, consumers could reasonably feel "irked" at OPEC's decision, given the fact petrol prices were already relatively high and cost-of-living pressures were adding up.

"But the price of fuel at the moment is substantially below where it was this time six months ago, and certainly well below where it was at Easter last year."Millions of Australians will be heading off on road trips for the Easter break.

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