Petrol price averages falling across Australia in lead up to Christmas
Predictions of Christmas petrol prices have been revealed, and it’s finally good news for Aussie motorists.
Soaring petrol prices are finally starting to drop in an early Christmas present for Aussie motorists.
The National Roads and Motorists Association (NRMA) said the country’s international benchmark price fell 17 per cent to $US 89 a barrel since reaching a whopping high of $US 107 a barrel in October.
Australia smashed records for the highest average fuel prices in the second half of this year, but NRMA spokesman Peter Khoury said drivers could finally start to “slowly see relief”.
“It has been a tough year at the bowser for Australian families with petrol prices not just breaking records but completely hitting them out the park,” he said.
“Sydney’s new record highest prices is now 11 cents higher than the previous record.”
Even during the winter months where extended lockdowns affected Melbourne, Sydney and at times Brisbane and severely impacted movements, petrol prices and profit margins remained high.
Brisbane smashed a record for its highest fuel price average in August, with an average of $1.73 a litre the highest average Australian motorists had seen.
The average price in Sydney today for regular unleaded was 168 cents per litre and had fallen 12 cents since over the past 15 days.
Sydney’s wholesale price was currently 146.9 cents per litre.
Mr Khoury said he expected prices to fall to around 149 cents per litre.
Last week average prices across regional NSW also dropped slowly by less than one cent per litre (0.7 cents).
Falls had been most significant in Bathurst (2.5 cents), Wagga Wagga (2.6 cents), Moama (2.7 cents) and Yass (2.9 cents).
Australia’s capital cities motorists were also starting to see much-needed relief at the bowser in the lead up to Christmas, with average prices for regular unleaded falling in most cities.
Brisbane was at 151.6 cents per litre and falling, while Adelaide’s average of 157.6 cents per litre was also on the way down.
Petrol prices were stable in Canberra, Darwin and Hobart at 169.3 cents per litre, 169.0 and 178.4.
Melbourne motorists were urged to fill up now at 149.1 cents per litre, with costs expected to rise slightly in the next few days.
Sydney at 168.0 cents per litre was falling, so to was Perth’s average of 166.3.
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