Petrol prices hiking north as motorists face school holiday slug

UP AND ATOM: Prices have hiked in the week before school holidays. We are faring better than Dubbo, whose average price for unleaded 91 is 145 cents per litre.
UP AND ATOM: Prices have hiked in the week before school holidays. We are faring better than Dubbo, whose average price for unleaded 91 is 145 cents per litre.

Motorists heading out of town for the school holidays will be facing the costs of higher fuel prices. 

Petrol prices are on the rise in the Central West.

The lowest price on Monday for E10 in Forbes was 136.9 cents per litre, while prices rocked to 149.9 cents per litre elsewhere in the region. 

Priced have jumped up from a stable 135 cents per litre over the past month, with the four weeks before this week averaging unleaded 91 prices of 135.4, 135.1, 135.4 and 136.4 cents per litre. 

E10 prices in Forbes on Monday afternoon ranged from 136.9 cents per litre to 141.9 cents per litre.

It’s not the end of the pain for motorists, with the price hike set to continue over coming weeks. 

NRMA spokesperson Saoirse Connolly said prices are likely to go up another one to two cents, the high prices due to the change in Mogas, the benchmark for fuel prices, and crude oil prices. 

“Petrol prices rise and fall depending on the price of crude oil and the movement in the Australian dollar compared to the US dollar,” she said. 

In regional areas there is no price cycle ... so prices tend to move in accordance with global factors

NRMA's Saoirse Connolly

“In regional areas there is no price cycle like in metropolitan areas so prices tend to move in accordance with global factors.

“Crude Oil prices are currently rising due to a number of factors including ongoing cuts in supply by OPEC and non OPEC producers, world political issues and price speculation due to impending US tariffs.”

Ms Connolly said the NRMA encourages motorists to do their homework before filling up.

“We encourage motorists to shop around,” she said.

“The gap between the cheapest and most expensive service station can be quite significant.

“Use the NRMA app to find the cheapest fuel at a location closest to you,” Ms Connolly said.