The national unleaded fuel price fell 4.4c to 146.8c a litre last week, the largest weekly drop in the past four months, according to the Australian Institute of Petroleum.
CommSec's chief economist Craig James said that the national average retail petrol price (pump price) could fall by at least 3c a litre over the next two to three weeks.
"Petrol prices have a fair bit further to fall in a number of capital cities and regional areas in the short term, so this is a positive for retailers and other consumer-dependent businesses," Mr James said yesterday.
Last week, the average metropolitan price fell by 5.9c a litre to 144.2c a litre, while the regional price fell 1.3c to 152.0c.
Melbourne had the cheapest unleaded petrol, down 9.3c a litre at 140.8c a litre, while the fuel in Darwin remained the dearest, down 0.9c at 164.2c.
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