Petrol has gone from $1.20 to $1.60 a rise of 30c per liter.The...

Petrol has gone from $1.20 to $1.60 a rise of 30c per liter.

The average family has 2 cars and fills up once a week??

so on 60 liters that is an extra $20 a week per car?? 2 cars is $40 extra a week on petrol? yes??


That's $160 a month extra on petrol, so the household is down $160 ?


Now they cut rates and give the average household a $50 a month cut in repayments??

the household is still $94 a month worse off??

That doesn't include any other goods that have risen.

And they wonder why the economy is rats shit??

This rate cut will have NO effect on stimulating the economy. It will definitely will hit these living off their term deposits.