Australians are paying more than ever at the fuel bowser as a weak Australian dollar collides with rising crude prices, new data shows.
The average price of 91 octane unleaded has soared to 217.92 cents per litre in Melbourne, Sydney, Brisbane, Adelaide and Perth, according to Compare the Market data, breaking the $2.17 record set last September.
The price of petrol has soared in Australia.Credit: Eddie Jim
Brisbane motorists were paying the highest average price for their fuel at $2.30 per litre, and as much as $2.35 per litre.
Melburnians were paying about $2.25 for regular unleaded on Friday while in Sydney motorists were looking at $2.13 a litre.
Perth had the lowest average price of the five major capitals at $1.94 per litre.
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Compare the Market’s Chris Ford said there were a number of factors behind the spike, but motorists should hold off from blaming retailers.
“Firstly, some wholesale prices have jumped from an average of $1.65/litre at the start of the year to $1.88/litre now – a 13.9 per cent hike,” he said.
“The higher the wholesale price, the more retailers fork out for fuel and the more likely that these costs are passed onto motorists.”
