Motorists hitting the road for the long weekend in Sydney and Brisbane have been urged to fill up now as fuel prices start to spike.
The average price per litre for unleaded in Sydney on Friday morning was $1.12 while in Brisbane it was $1.09, according to the NRMA.
NRMA spokesman Peter Khoury told NCA NewsWire the price was going up in both cities as travellers prepare to hit the road for the long weekend in both states.
But Mr Khoury urged motorists to shop around in Sydney as there were still plenty of bargains, with the cheapest price on Friday morning $0.90 per litre.
“The bottom 16 per cent of service stations in Sydney are selling petrol below $1 and the bottom 23 per cent are between $0.89 and $101.7, so if you shop around now you’re still going to get some good bargains,” he said.
Mr Khoury said it was the price cycle that was impacting the cost of petrol and that coronavirus restrictions should have “absolutely nothing to do with it”.
“We were at the bottom of the price cycle last week as school holidays were starting and we knew then the prices would turn this week,” he said.
“They’ve gone up about seven cents in the past week and they’ll continue to go up now until they get to about $1.34.”
In Melbourne, the average fuel price per litre was $1.14 and falling on Friday morning, in Adelaide it was $1.34 and starting to fall from the top of the price cycle and in Perth it was falling from $1.30.
Fuel was stable in Canberra at $1.20, in Hobart at $1.23 and in Darwin at $1.17.
Mr Khoury said the crude oil price had also fallen more than $2 a barrel which could result in lower fuel prices during the next cycle.
“Hopefully in the next cycle we will see the price continue to fall, at the bottom of the next cycle we’ll get close to $1 a litre again on average,” he said.