Thursday 19 December 2024: Motorists travelling over the Christmas holidays will see lower fuel prices in Sydney while Melbourne and Brisbane will hit the top of their cycles.
The average price for regular unleaded in Sydney is 189.1 cents per litre after hitting the high-point of 200.6 cents per litre on Monday 2 December and is now expected to fall to low 170s cents per litre in the coming weeks.
Prices in Melbourne continue to climb at 192.0 cents per litre and Brisbane is nearing the high point of the cycle at 203.8 cents per litre. Adelaide is starting to rise at 168.9 cents per litre, with Perth prices peaking at 196 cents in line with its seven day price cycle.
Canberra (196.4) is stable while Hobart (184.8) and Darwin (175.5) are rising slowly.
Worryingly prices in Sydney are falling at half the usual rate – having fallen 11 cents over the past 16 days. Sydney’s wholesale price is currently 166.5 cents per litre and rising. Mogas – Australia’s international benchmark price - is currently trading at just over $US 86 a barrel.
Across Sydney today almost one- third (33%) of service stations are selling regular unleaded for under 183 cents per litre while 22 per cent are selling at over $2 a litre.
This Christmas the My NRMA rewards app will provide families with a multi-layered approach to reducing their cost of living pressures and saving at the bowser, including real-time data for every service station in Australia (and a variant in Victoria) and push notifications at the bottom of the cycle.
In addition, members can access a stacked nationwide (excluding Tasmania) discount offer of up to 13 cents per litre at selected Ampol Foodary service stations.
NRMA Spokesperson Peter Khoury said the difference in petrol prices across our major cities highlighted the need for motorists to stay informed and look for the best prices available.
“It’s pleasing the cycle is falling in Sydney, what’s less pleasing is that those falls are happening at a snail’s pace at two thirds of a cent per day, – the oil companies must fix this now,” Mr Khoury said.
“Brisbane and Melbourne have had less luck with the price cycles as their local prices with spike just as families are heading away. Cost of living pressures continue to hurt families who are in desperate need of a break and unfortunately geography will largely dictate how much they pay this Christmas.
“The NRMA is working to fix that imbalance by providing discounts, real-time data of local prices and crucially, telling our members the right time to fill up through our My NRMA rewards app. We are encouraging all motorists to use this information to their benefit these holidays.”
