Rising fuel prices hit motorists at the Bowser as petrol tops 2 liters

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Australian motorists are set for another hip pocket pinch as petrol prices are set to return to record highs.

The global oil supply crisis caused by Russia’s invasion of Ukraine will be felt by consumers per ton with fuel expected to rise above $2 per litre, and higher in regions .

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The Australian Petroleum Institute reported last week that the average petrol price was 199.1 cents per litre, up 7.6% from the previous week.

It comes after the Morrison government fuel excise which halved the price for motorists to 22 cents a liter for six months until September.

Motoring groups are calling on the newly sworn in Labor government to extend the fuel excise or provide an alternative to provide relief to struggling Australians, especially those living in remote or regional areas, or on low incomes.

NRMA Spokesperson Pierre Khoury told Sunrise on Tuesday that it’s impossible to know what will happen next.

“What we know in 2022 is that it is impossible to predict what prices will do; it’s the most volatile we’ve ever seen – it’s now chaotic,” he said.

“There’s really no way of knowing what’s going to happen in the next 24 hours, let alone next week.”

– Mr Khoury

Acting Prime Minister Richard Marles said the cost of petrol is “tough” on Australians.

Reflecting a wider economic problem, Mr Marles told ABC Breakfast, the country is facing “a cost of living crisis”that the newly elected government is trying to correct.

“It’s a big challenge for the country, and you can’t fix a decade of economic neglect – which we saw under the previous government – in a week, but we’re going to start the job today.”

– Mr Marles

Meanwhile, the NMRA recommends motorists do some research to find the cheapest gasoline near them.

“These apps or websites show the price of each gas station in real time and when you live in a city where the gap is $0.40 between the cheapest and the most expensive, you will save a lot more than watching a price.”

– NRMA

Join Tom Tilley with regular rotating co-hosts Jan Fran, Annika Smethurst and Jamila Rizvi on The Briefing, Monday through Saturday, for the day’s headlines and breaking news as well as breaking news and interviews. Available on Listnr.

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