Canberra motorists are being encouraged to shop around before filling up this Queen’s Birthday long weekend with Canberra’s petrol prices jumping by 5.5 cents per litre (cpl) over the last few days and differing significantly between suburbs.
Canberra had the unwanted distinction of being the most expensive capital city for buying petrol over the last quarter (March 3 to June 3) according to the latest analysis by comparethemarket.com.au.
As of June 4, the cheapest place to fill up in Canberra was in Fyshwick at 152.9cpl, while motorists were paying 155.9cpl in Holt, Dickson, Braddon, Wanniassa, Mawson and Belconnen.
The analysis revealed that Canberrans paid an average price of 148.5cpl for petrol over the past quarter – with the average price in Sydney and Adelaide being 8.5cpl cheaper.
The analysis states that after a reasonable period of stability, Canberra’s petrol prices have jumped 5.5cpl in the last few days.
Household savings expert Abigail Koch at comparethemarket.com.au said that petrol prices in Australia’s capital cities over the last quarter have been at their highest since 2014.
“Our quarterly petrol analysis revealed Aussies were paying, on average, 142.5cpl over the last few months – 5.1cpl higher than last quarter,” Ms Koch said.
“Around the country, most capital cities are some way from the expected bottom of their cycle.
“This, coupled with world oil prices being higher than in any other time over recent memory, means motorists should shop around for the best price before filling up this long weekend,” Ms Koch said.
“We recommend drivers across the country compare prices on free petrol apps, such as comparethemarket.com.au, to find the best deals before hitting the road.”
The free comparison website, which updates its petrol price data three times daily across all major Australian cities, analysed the average cents per litre of unleaded petrol from 3 March to 3 June 2018.
The data was sourced across Canberra, Sydney, Melbourne, Brisbane, Adelaide and Perth to gauge which parts of the country were the cheapest for petrol, and where prices are sitting in the cycle ahead of the weekend.
Have you noticed the jump in petrol prices in recent days? Do you tend to shop around for petrol? Let us know in the comments below.