Are you heading out for Easter weekend? Here's this weekend's fuel forecast
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As Easter approaches, Australians are gearing up for road trips and the much-anticipated family gatherings.
Yet, Aussie motorists may have another reason to celebrate the festivities.
Petrol prices have been declining and have offered reprieve for drivers across the nation.
With the extended Easter and ANZAC Day holidays on the horizon, the price's timing could be great news for those planning to hit the road soon.
Economic ripples on the global stage have affected several policy decisions earlier this year.
Tapis, a regional benchmark for oil, saw a significant 'freefall' in prices after United States President Donald Trump announced additional tariffs on countries including Australia.
This international tension led to a US$10 (A$16) per barrel fall in crude oil prices over the last week.
Wholesale prices for regular unleaded petrol also dropped by eight cents, landing at 157.6 cents per litre.
This decrease in prices could be great news for Aussie motorists, as they could see money in their wallets after filling their vehicle's tanks.
The average price for regular unleaded petrol in Sydney has hit the bottom of the cycle at 168.5 cents per litre.
According to the My NRMA App, almost three-quarters of Sydney service stations are offering regular unleaded for less than 170 cents per litre.
Meanwhile, Melbourne's petrol prices have been at the top of the cycle, with a steep price of 199.1 cents per litre.
However, NRMA shared a tip for Melbourne locals and motorists.
'Fill up outside the city as prices are likely to be lower regionally,' an NRMA spokesperson shared.
Brisbane and Adelaide also saw a gradual decrease in petrol prices after reaching the peak of their cycles.
Unleaded petrol is now priced at 177 cents per litre and 172.1 cents per litre, respectively.
Perth residents have been enjoying a rate of 165.8 cents per litre.
The Organisation of the Petroleum Exporting Countries (OPEC+) has been anticipating an increase in the global market's oil supply in May.
This increase in oil supply could push prices down even further.
NRMA spokesperson Peter also cautioned that 'extreme volatility on global markets' could lead to sudden changes in prices.
Despite the unpredictable nature of the market, Khoury remains optimistic.
'Relief is finally at hand for Australian drivers,' he prefaced.
'Families will finally get relief—either because prices are falling further than we had originally predicted before the market crashed—or because they did not rise as high as anticipated in Melbourne and Brisbane.'
Here is a list of expected petrol prices across cities:
By comparing prices through the app, drivers can find the best petrol deals across Australia.
So, before you embark on your Easter adventures, take a moment to check the latest fuel prices.
It's a simple step that could save you a fortune, leaving more for holiday treats and activities.
We would love to hear from our readers. Have you noticed the drop in petrol prices in your area? How do you plan to take advantage of the lower costs this Easter? Share your thoughts and money-saving strategies in the comments section below!
Yet, Aussie motorists may have another reason to celebrate the festivities.
Petrol prices have been declining and have offered reprieve for drivers across the nation.
With the extended Easter and ANZAC Day holidays on the horizon, the price's timing could be great news for those planning to hit the road soon.
Economic ripples on the global stage have affected several policy decisions earlier this year.
Several parts of Australia may see lower fuel prices in the next few days. Image Credit: Pexels/Engin Akyurt
Tapis, a regional benchmark for oil, saw a significant 'freefall' in prices after United States President Donald Trump announced additional tariffs on countries including Australia.
This international tension led to a US$10 (A$16) per barrel fall in crude oil prices over the last week.
Wholesale prices for regular unleaded petrol also dropped by eight cents, landing at 157.6 cents per litre.
This decrease in prices could be great news for Aussie motorists, as they could see money in their wallets after filling their vehicle's tanks.
The average price for regular unleaded petrol in Sydney has hit the bottom of the cycle at 168.5 cents per litre.
According to the My NRMA App, almost three-quarters of Sydney service stations are offering regular unleaded for less than 170 cents per litre.
Meanwhile, Melbourne's petrol prices have been at the top of the cycle, with a steep price of 199.1 cents per litre.
However, NRMA shared a tip for Melbourne locals and motorists.
'Fill up outside the city as prices are likely to be lower regionally,' an NRMA spokesperson shared.
Brisbane and Adelaide also saw a gradual decrease in petrol prices after reaching the peak of their cycles.
Unleaded petrol is now priced at 177 cents per litre and 172.1 cents per litre, respectively.
Perth residents have been enjoying a rate of 165.8 cents per litre.
The Organisation of the Petroleum Exporting Countries (OPEC+) has been anticipating an increase in the global market's oil supply in May.
This increase in oil supply could push prices down even further.
NRMA spokesperson Peter also cautioned that 'extreme volatility on global markets' could lead to sudden changes in prices.
Despite the unpredictable nature of the market, Khoury remains optimistic.
'Relief is finally at hand for Australian drivers,' he prefaced.
'Families will finally get relief—either because prices are falling further than we had originally predicted before the market crashed—or because they did not rise as high as anticipated in Melbourne and Brisbane.'
Here is a list of expected petrol prices across cities:
Source: news.com.au
To make the most of these lower prices, Khoury urged Australians planning road trips this weekend to use the My NRMA App before filling up.By comparing prices through the app, drivers can find the best petrol deals across Australia.
So, before you embark on your Easter adventures, take a moment to check the latest fuel prices.
It's a simple step that could save you a fortune, leaving more for holiday treats and activities.
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