BP and Shell both cut the price of petrol at the pumps this morning.
The cost of 91 and 95 is down by 4c a litre, with diesel falling 3c.
Unleaded is now at around 199.9c a litre. Unleaded 95 is still above $2, at 207.9c.
It's the first time it's dropped below the $2 barrier since January.
"The dollar made some gains overnight and the continued fall of refined fuel prices have allowed us to pass on the savings," says BP's Mike McGuinness.
3 News / RadioLIVE