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Petrol price warning ahead of Australia Day long weekend

Planning on heading away for the long weekend? You might want to fill the car up now.

Aussies are being urged to fill up their cars now, with petrol prices set to soar ahead of the Australia Day long weekend.

Sydney fuel prices started falling just before Christmas, reaching a low of $1.76 per litre. Now, they are starting to rise sooner than originally expected. The average price of regular unleaded for motorists in the city is currently 178.2 cents per litre, while the average price for diesel is 192.3 cents per litre.

According to NRMA, motorists can expect prices to continue rising, with wholesale prices jumping 5.5 per cent for regular unleaded over the past week.

Petrol bowser
Motorists are being urged to fill up with petrol now, with Sydney prices rising sooner than expected. (Source: Getty)

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NRMA spokesperson Peter Khoury urged motorists to fill up now ahead of the long weekend.

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“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,” Khoury said.

“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 markets.”

Motorists are also being told to shop around, with Khoury noting there is a 60.6-cent difference between the cheapest and most expensive fuel in Sydney. This works out to a saving of $33.30 on an average tank of petrol.

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What is the outlook for the other capitals?

Brisbane motorists are currently paying the highest prices for petrol across the country, with average unleaded prices of 209.9 cents per litre. According to the latest Australian Competition and Consumer Commission data, petrol prices have been increasing since the start of the year.

Melbourne is currently at a low point in its price cycle, with average prices of 177.5 cents per litre. However, the NRMA said prices would rise.

Perth is currently has the lowest petrol prices of the capitals at 172 cents per litre.

Here are the average prices for regular unleaded across the capitals:

  • Adelaide 199.1 cents per litre and rising

  • Brisbane 209.9 and falling

  • Canberra 186.4 and slowly rising

  • Darwin 182.8 and stable

  • Hobart 182.8 and slowly rising

  • Melbourne 177.5 and rising

  • Sydney 178.2 and rising

  • Perth 172 and falling

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