News

Petrol Prices Continue Steady Rise

23.5.2001

The latest petrol price monitoring figures for April from FuelTrac show average rises of up to 2 cents per litre throughout most of Australia, despite a 10-cent hike imposed by oil companies in many centres over Easter.

 

AAA Executive Director, Lauchlan McIntosh, said it was obvious from the figures that the public holiday increases were short-term and therefore had little impact in relation to average prices over the entire month.

 

Mr. McIntosh said the figures raised questions about oil company claims that the Easter and (in Sydney and Brisbane) ANZAC Day increases were caused by overseas pricing. He said if world or Singapore prices had been to blame, domestic prices would have stayed high, instead of dropping a few days later.

 

He said it also re-enforced the message that motorists should only buy a few dollars worth of fuel or hold off completely when prices are high and fill up when they fall, usually a few days later.

 

Of the capital cities, the highest increase in average price in April was in Adelaide where prices jumped 3.3 cents, while the lowest was Perth with an increase of 0.4 cents. Sydney and Melbourne prices rose by 1.2 cents, Brisbane by 1.1 cents, Hobart by 0.9 cents and Darwin by 1.1 cents.

 

There was a similar situation in country areas with most increases confined to around 1 or 2 cents. Exceptions included Coonabarabran with a 7.2-cent jump, Newcastle with a 4.3-cent rise, Bairnsdale with a 4.1-cent rise, Victor Harbour in South Australia up 7.5-cents and Kalgoorlie up 5.3-cents. In Kingaroy in Queensland prices actually fell by 6.4-cents.

 

The highest price recorded for petrol during April in Australia was 114.9 cents per litre in Alice Springs where the average was 111.7 cents. The cheapest was Brisbane with a minimum of 77.5 cents and an average of 85.2 cents per litre (NB all Queensland prices are subject to a state 8.3 cent rebate).

 

LPG prices averaged around 48 to 49 cents per litre in all capitals except Hobart where the average was 61.2 and Canberra with an average of 53.2 cents. Excluding Brisbane where an 8.3-cent rebate applies, diesel prices were fairly consistent across the capitals ranging from 94.6 in Melbourne to 99.9 in Darwin.

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