Aussies brace for shocking fuel price surge: 'Oil companies must fix this now'

Rising costs are never welcome news, especially when they hit close to home and impact everyday essentials.

As the festive season approaches, a looming challenge is set to disrupt budgets and leave many Australians searching for solutions.

What’s driving this sudden shift, and how could it affect you in the weeks ahead?


Aussies were warned to shop around for the best petrol deals as fuel prices spiked nationwide during the festive season.

In Melbourne, petrol prices climbed to 192.0 cents per litre, with further increases expected in the coming weeks, according to the National Roads and Motorists' Association (NRMA).


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Fuel prices are expected to climb in the coming weeks. Image source: Pexel/Skitterphoto


Brisbane’s average reached 203.8 cents per litre, while Adelaide saw prices rise to 168.9 cents per litre. Perth (196.0 cents), Hobart (184.8 cents), and Darwin (175.5 cents) also recorded significant increases.

Canberra maintained stability at 196.4 cents per litre, but Sydney motorists fared better with prices dropping from 200.6 cents per litre on December 2 to 189.1 cents per litre.

The decline in Sydney, however, occurred at an unusually slow rate—just 11 cents over 16 days.

In Sydney, nearly a third of service stations offered regular unleaded fuel for under 183 cents per litre, though 22 per cent priced it above $2 a litre.


NRMA spokesman Peter Khoury called on oil companies to address the rising costs, saying: ‘It’s pleasing the cycle is falling in Sydney, what’s less pleasing is that those falls are happening at a snail’s pace at two-thirds of a cent per day, the oil companies must fix this now.’

Motorists in Brisbane and Melbourne were less fortunate, facing price hikes as families prepared for holiday travel.

Regional areas presented a glimmer of hope, with some locations offering petrol up to 40 cents cheaper per litre than urban centres.

Mr Khoury emphasised the benefits of using petrol monitoring apps to locate cheaper prices. He stated: ‘The wholesale price is around 66 so there’s a lot of fat in these margins right now depending on where you fill up.’

He advised motorists heading out of the cities to research prices beforehand, adding, ‘There’s every chance, you may well be going somewhere that’s cheaper than where you are.’


In a previous story, we delved into how a single petrol station ignited debate amidst soaring petrol prices. The excitement over a petrol station’s 99-cent fuel sale has certainly captured the public’s interest. Read the full story here.

Key Takeaways
  • Rising costs are becoming a major concern, especially as they affect essential expenses.
  • Australians are facing a significant challenge just as the festive season approaches.
  • The situation is expected to disrupt budgets and prompt a search for solutions.
  • Key factors driving the issue remain a pressing concern for many households.

What’s your strategy for dealing with the rising costs? Share your thoughts in the comments below.
 

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Here on the NSW south coast, our petrol prices have been reasonably steady.
For months the price of diesel has been around the $1.78.7 mark & E10 a great $1.63.7 although it increased yesterday to $1.67.7 at my favourite United station.
Standard 91 octane was $1.69.9.
Merry Christmas & happy holidays dear friends.
 
I found out the other day that the government excise tax on fuel is 55c per litre. All I can say is Greedy Ba**ards. And we all know the alcohol would be a lot cheaper if the government didn't grab so much tax from the manufacturers as well. For the amount of tax we pay on everything you would think Australia would be booming. HA what a joke.
 
Why don't they give the price of all Fuel grades...they only give us the crap unleaded price ...I drive a diesel and wifey uses 98 unleaded which is better fuel for your car..but the don't give those prices
 
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I found out the other day that the government excise tax on fuel is 55c per litre. All I can say is Greedy Ba**ards. And we all know the alcohol would be a lot cheaper if the government didn't grab so much tax from the manufacturers as well. For the amount of tax we pay on everything you would think Australia would be booming. HA what a joke.
I remember an article about forty years about Whisky? a 26oz bottles cost was a shilling al the rest was duty, mind you weren't paying 70 odd dollars a bottle as you are now.
 
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I remember an article about forty years about Whisky? a 26oz bottles cost was a shilling al the rest was duty, mind you weren't paying 70 odd dollars a bottle as you are now.
Many years ago we went to the Bundaberg Rum factory and they said they could sell the rum for $15 a bottle if they didn't have the pay the bloody government taxes. I think at that stage the rum was $29 in the shops
 
Many years ago we went to the Bundaberg Rum factory and they said they could sell the rum for $15 a bottle if they didn't have the pay the bloody government taxes. I think at that stage the rum was $29 in the shops
Once upon a time (I know it sounds like a fairy story) but you could buy a small barrels from I think Bundaberg with the proviso that you had to return the barrel, of course only available from the distillery, as always I stand to be corrected.
 
I wrote to the NRMA when this 'petrol cycle' began asked what it was all about and a couple of more questions. Their response was that they didn't post my letter in the magazine. When I inquired about why their response was that it would be 'too inflamatory to do so.' So much for their slogan, 'we are here to help.' As for their spokesperson, Mr Khoury, well his employer ie: NRMA, supported the Gov. that created the 'Web page on petrol prices, to find the cheapest fuel around.' What a joke, 3 million dollars to set up and run to inform me, here on the Central Coast, that I could drive to Blacktown/Fairfield and other locations to fill up cheeply. By the time I got back home I would need more fuel than when I left. When God was handing out brains/common sense, Ministers and experts replied, 'no thanks we don't need them.' A mate and I had 2 Service Stns for a number of years and I still have contacts in the industry so I have some knowledge on what it behind this 'cycle.' Yes, the Federal Gov. takes a large slice in tax from petrol, alcohol and smokes. Then they give some of it back to you as 'cost of living relief hand-outs, sweeteners prior to elections etc'. However, what is handed out is no-where near what is collected. Loyalty is a major factor that the companies rely on. All petrol is the same, it is just added to by the various companies with their own 'additives' which they advertise. How many people remember the brand that 'put a tiger in your tank when you fill up.' Or the brand that had a British movie star, who was wearing a bra 10 sizes too small for her volumptuous chest receiving a run-down on the fantastic fuel that was being put into her car. The major additive to fuel is the colour additive, that is there to distinguish who owns the fuel and to help catch certain tanker drivers who would sell a 'hot load for cash' to a rival company. I know of several incidents where this happened and what happened to the dealers/tanker drivers. So, you think that you can't fight back, you can...a few years ago a small town in Victoria banded together and chose one service stn., the cheapest and everyone in the town bought their petrol from them. The other stations then lowered their prices to match however, the town didn't switch until one of the stns. went 10c/ltr lower than the rest. The town switched, and forced a mini price war between the stns. In the end all the stns. agreed to a set price, common to all and held it there. The price of fuel dropped nearly 80c in a month.
I have managed to find out that this 'cycle' is partly based on information collect from the Census. Companies have access to this data and they can see which areas have the most cars/per household, occupants who drive to work etc. What I have noticed on the Central Coast is that prices go up very quickly, come down slowly and the gap between this 'up movement' happens more frequently than the 'down movement.' So this makes the cheap cycle turn shorter before it rises. Not all Stations adhere to the 'cycle' they don't have to. The Company sets the minimum price, the stn. can then set what they want to make per litre. When I and my mate had our stations we were the lease/proprietors of the business, there were also stations that were 'privately owned/run' and they would deal directly with a company, when their contract would come close to running out and choose who they wanted to sign with. Nowadays the bulk of stations are owned by the company and run by either managers or the company may offer a lease agreement however, the company has more influence how the station is run. Sorry about the length however, a bit of clarity does help. I shop at the cheapest on offer, Shell, BP, Ampol and Mobil are quick to put their prices up and slow to take them down. I put 95 in my daily driver and fill it up with 98 when going on holidays, it runs better and is more ecconomical, and 98 in my classic car. I also note that a lot of stns. do not display their 95/98 prices and some stns. don't carry 95. I avoid them also.....Merry Christmas everyone...my comments are based in NSW. Just for interest I was selling 100 oct. at 48cents/gallon, bring back those days.
 
Petrol at some servo stations in Frankston are $202. We should do what they did in the UK they all chose to get their petrol from one certain petrol station a day, ignore the others and it worked.
 
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