As expected, fuel prices around Australia are on the rise this week, just in time for the New Year's Eve/Day festivities.
Prices at some Sydney service stations have risen sharply in recent days, but with some sites yet to pass on the price-rise, the gap for unleaded petrol prices between sites is as high as 30 cents per litre.
Premium unleaded prices are now pushing $2 per litre, with several sites across Sydney lifting prices to around $1.85 per litre.
Overall, unleaded prices in Sydney are around 20 cents per litre higher than at the same time last year.
The RAA in South Australia informed its followers via social media yesterday that supermarket giants, Coles and Woolworths, had moved to push prices in Adelaide to five-year-highs during the festive season and urged its members to shop for fuel elsewhere.
LPG customers are already feeling the pinch across Australia, with record-high prices following a 33 percent jump in the regional benchmark commodity price in preparation for the northern hemisphere winter.
Fuel prices for unleaded products in the New Year are expected to fall quite quickly by around 10 cents per litre, as part of the ‘regular’ price-cycle.