June 5th 2024.
Attention all drivers! It's time to fill up your tanks at the gas station before it's too late. The cost of petrol is on the rise and expected to reach its peak in just a few days. With the long weekend and ski season upon us, it's no surprise that prices are increasing across all major cities in Australia.
Let's take a closer look at the numbers. In Sydney, regular unleaded petrol is currently averaging at 196.5 cents per litre, but experts predict it will reach a high of 207 cents per litre by the weekend. As for diesel, the average price in Sydney is 190.1 cents per litre, with a wholesale price of 176.3 cents per litre. It's important to note that not all gas stations offer the same prices, so it's wise to shop around before filling up.
According to an analysis by NRMA, there is a significant difference of over 60 cents between the cheapest and most expensive petrol prices in Sydney. While some stations are selling regular unleaded for as low as 174.9 cents per litre, others are charging the maximum price of 229.9 cents per litre. This means that filling up a 50-litre tank could cost you anywhere from $87.45 to $115. That's a big difference!
The same trend can be seen in Melbourne, where a majority of gas stations are selling petrol under 180 cents per litre, but some have already set their prices to the top-of-the-cycle rate of 229.9 cents per litre. Unfortunately, even at the lowest point of the price cycle, petrol prices are no longer as competitive as they used to be in Sydney, Melbourne, and Brisbane. The wholesale price for regular unleaded petrol dropped to 171.1 cents per litre last week, but the average price in Sydney only fell to 181 cents per litre before starting to rise again. The situation is similar in Brisbane and Melbourne, but Adelaide and Perth have seen a decrease in average prices, dropping to as low as 169 cents per litre.
NRMA spokesperson Peter Khoury expressed concern over the impact of these high petrol prices on the economy and families. He also pointed out the lack of competition at both ends of the price cycle, which only adds to the problem. Khoury advised holidaymakers to do their research and look for cheaper options before filling up their tanks this weekend. It's possible that you may come across a gas station with lower prices on your journey, so it's worth the effort to save some money. Don't let the rising petrol prices put a damper on your long weekend plans!
[This article has been trending online recently and has been generated with AI. Your feed is customized.]
[Generative AI is experimental.]
