The following from todays paper shows some of this selling may...

The following from todays paper shows some of this selling may be well overdone

RECORD petrol prices have not damaged Australian toll-road revenue after figures from operator Transurban revealed a jump in coffers for the June quarter.

Toll and fee revenue from the road company's largest asset, Melbourne's CityLink road, jumped 9.7 per cent to $94.1 million for the quarter while traffic over the last financial year delivered $362.8 million.

Revenue from its Hills M2 road in Sydney also jumped by 5.6 per cent to $30.7 million, compared with the previous corresponding period, while fees and tolls for the city's Westlink M7 road surged by 13.3 per cent to $43.3 million.

Despite petrol prices remaining at record levels above $1.60 a litre, infrastructure analysts said the price had little effect on drivers' opting to pay up. Daily traffic was also up across all the roads, with CityLink up by 5 per cent and Sydney's M5 rising by 3.6 per cent.

The increase in revenue was in part due to a rise in tolls.