Petrol Prices at all-time high in Sydney, Brisbane, and Melbourne
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Sydney saw a record-breaking petrol price hike overnight, just at the time where Sydneysiders are emerging from lockdown.
Sydneysiders are now expected to pay an average of 170.2 cents per litre of regular unleaded thanks to increasing demand and limited oil production in the global market.
Melbourne and Brisbane also achieved the unwanted milestone with each city recording average petrol prices at 174.7 cents per litre and 176.7 cents per litre respectively.
Road advocacy group NRMA said motorists should be expecting further price increases in the coming days. Sydney in particular should be expecting average prices to peak at 174 cents per litre.
Sydney breaks an unwanted record overnight with petrol prices hitting an all time high of 170.2 cents per litre. Credit: NCA NewsWire / Christian Gilles.
“These record prices could not have come at a worse time – just as families are getting out and about the city’s economic activity was meant to be ramping up,” NRMA spokesman Peter Khoury said.
“With OPEC showing no desire to increase oil production levels, we are now seriously concerned that there is little relief in sight and that is bad news for families and the economy,” Mr Khoury said.
Experts cited the increasing demand and low production in the global market as culprits for the drastic price hike. Credit: twitter.com/peternrma.
The price hike seems to have not affected almost a quarter of petrol stations yet – their selling price of regular unleaded still under 159.5 cents per litre. However, it is alarming that 40 percent of service stations set their petrol selling price at 181.9 cents per litre.
“These prices are going to hurt family budgets and the importance of doing some research before filling up has never been clearer,” Mr Khoury said.
“The myNRMA app has an 86 cent gap between the cheapest and most expensive service stations,” he added.
Mr. Khoury also highlighted that the difference in prices between the cheapest and most expensive service station in Sydney totalled to 56 cents per litre, what could’ve been a $31 saving for a full tank.
This article is based on an article from news.com.au written by Alex Druce.
Sydneysiders are now expected to pay an average of 170.2 cents per litre of regular unleaded thanks to increasing demand and limited oil production in the global market.
Melbourne and Brisbane also achieved the unwanted milestone with each city recording average petrol prices at 174.7 cents per litre and 176.7 cents per litre respectively.
Road advocacy group NRMA said motorists should be expecting further price increases in the coming days. Sydney in particular should be expecting average prices to peak at 174 cents per litre.
Sydney breaks an unwanted record overnight with petrol prices hitting an all time high of 170.2 cents per litre. Credit: NCA NewsWire / Christian Gilles.
“These record prices could not have come at a worse time – just as families are getting out and about the city’s economic activity was meant to be ramping up,” NRMA spokesman Peter Khoury said.
“With OPEC showing no desire to increase oil production levels, we are now seriously concerned that there is little relief in sight and that is bad news for families and the economy,” Mr Khoury said.
Experts cited the increasing demand and low production in the global market as culprits for the drastic price hike. Credit: twitter.com/peternrma.
The price hike seems to have not affected almost a quarter of petrol stations yet – their selling price of regular unleaded still under 159.5 cents per litre. However, it is alarming that 40 percent of service stations set their petrol selling price at 181.9 cents per litre.
“These prices are going to hurt family budgets and the importance of doing some research before filling up has never been clearer,” Mr Khoury said.
“The myNRMA app has an 86 cent gap between the cheapest and most expensive service stations,” he added.
Mr. Khoury also highlighted that the difference in prices between the cheapest and most expensive service station in Sydney totalled to 56 cents per litre, what could’ve been a $31 saving for a full tank.
This article is based on an article from news.com.au written by Alex Druce.
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