Petrol prices set to rise over Australia Day long weekend

The NRMA is encouraging motorists to fill up now, with petrol prices across most capital cities expected to rise this long weekend.

Sydney’s wholesale prices have risen 5.5 cents per litre for regular unleaded over the last week to 172.5 cents per litre and are expected to rise further.

Peter Khoury, NRMA spokesperson, said, unfortunately, they are seeing prices start to creep up in the Sydney market much sooner than expected.

“The price at the bottom of the cycle in Sydney bottomed out at around 10 cents per litre higher than Adelaide and Perth, meaning Sydney has continued its 2023 trend of paying more for petrol than some of its smaller capital city counterparts.”

Across the country, prices and predictions for regular unleaded are Adelaide – 199.1cpl and rising, Brisbane – 209.9cpl and falling, Canberra – 186.4cpl and rising, Darwin – 182cpl and stable, Hobart – 182.8cpl and rising, Melbourne – 177.5cpl and rising, Sydney – 178.2cpl and rising, and Perth – 172cpl and falling.

“The increase in the wholesale price is due to a number of factors including the ongoing tensions in the Middle East and the falling Australian dollar. These factors continue to have a disproportionate impact on the eastern capital cities fuel market,” said Khoury.

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