Petrol Prices Set to Skyrocket this Weekend
Motorists, buckle up for a bumpy ride as petrol prices are predicted to surge before the weekend, despite a recent downward trend. If you’re located in the east coast capitals of Sydney, Melbourne, or Brisbane, you might be shelling out more than $2 per litre for petrol in the coming days.
The spokesperson for NRMA, Peter Khoury, has already given Sydney-siders a heads-up about the climbing prices, which have reached a staggering 178 cents per litre. But hold on tight, as he warns, “that’s better than what’s going to come.”
A Snapshot of Current Average Petrol Prices
Here’s a quick look at the current average petrol prices in Sydney, Melbourne, Brisbane, and Canberra, based on the figures from the Australian Institute of Petroleum:
| Capital city | Average price |
|---|---|
| Sydney | 176.2 |
| Brisbane | 179.0 |
| Melbourne | 181.1 |
| Canberra | 192.1 |
Note: Source – Australian Institute of Petroleum
Smart Moves to Save on Fuel
The Australian Competition and Consumer Commission (ACCC) suggests a smart move for motorists. Use smartphone applications like PetrolSpy and MotorMouth to keep track of where you can save more at the pump.
In all states excluding Victoria, fuel retailers are obligated to report their fuel prices within 30 minutes of a change. This updated information is then readily available for apps and websites to display for consumer use.
Beware of Price Cycles
The ACCC also recommends motorists to be mindful of price cycles, particularly in Sydney, Melbourne, Brisbane, Adelaide and Perth. These cycles usually last 4 to 7 weeks, during which petrol prices rise sharply and then slowly decline, making it challenging for motorists to time their purchases effectively.
Final Comments:
While we can’t control the fluctuating petrol prices, we can control when and where we fill up our tanks. By staying informed and making smart use of technology, you can soften the blow of the upcoming petrol price spike. Drive smart, save more!
