Perth drivers are being encouraged to fill up their tanks on Tuesday night, with petrol prices set to rise by more than 40 cents per liter at some metropolitan petrol stations on Wednesday.
FuelWatch has alerted motorists that Coles Express sites across the metro area are hiking their unleaded petrol prices by up to 46c/litre, with prices set to hit as high as 199.9 c/litre on August 3.
By getting ahead of the game, you could save yourself some serious pain at the bowser and up to $27.60-a-tank.
BP petrol station prices will also increase to up to 195.9 c/litre and some 7-Eleven sites will hit 189.9 c/litre.
However, FuelWatch says tomorrow’s metropolitan average price for unleaded fuel will be 170.8 c/litre, only up to 10.3 c/litre, and there will be over 30 sites selling unleaded for below 156 c/litre.
Gidgie One Stop in Gidgeganup will have the most expensive fuel, with unleaded petrol set to rise to 208.9 cents a liter.
If you’re keen to shop around, FuelWatch says tomorrow’s cheapest petrol in the Eastern suburbs can be found at Shell Bullsbrook at 155.0c/litre, north of the river at Shell Alkimos at 150.3c/litre and south of the river at Cost Perth Airport for 151.7c/litre.
THE GOOD NEWS
The news comes amid a worldwide drop in fuel prices due to the fall in crude oil.
Last week, CommSec reported the benchmark Singapore fuel price had fallen to a 22-week low.
And in what will be a relief to those feeling the pinch during the cost-of-living crisis, CommSec chief economist Craig James said there were still considerable savings to come for consumers and transport companies.
“Based on ‘normal’ gross retail margins CommSec would expect the national average price to ease to near $1.75 a liter in the next fortnight,” Mr James said.
“The good news for motorists is that crude oil prices have been falling on concerns that global rate hikes will lead to slower economic activity.”