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Petrol prices soar

By johnboy 17 January 2009 35

The ABC is concerned about skyrocketing petrol prices in Canberra for no obvious reason.

    The NRMA says Canberra is the only capital city to have experienced a 20-cent per litre price rise at the petrol pump.

    Prices at the bowser in the capital jumped to around $1.15 per litre on Thursday.”

Petrol companies being arseholes is nothing new, but why pick on just us?

What’s Your opinion?


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Petrol prices soar
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fnaah 3:03 pm 16 Feb 09

I saw a clip on the news recently where a spokesperson from Shell tried to make the point that our prices are derived from the Singapore oil market, thus global fluctuations in the price of oil don’t necessarily change the bowser price in Australia.

To me, that seems like a crock of shit, as the price goes up dramatically whenever the global oil price rises. I hate oil companies.

Holden Caulfield 2:31 pm 16 Feb 09

I’ve wondered the same thing too, but figured trying to work it out is akin to finding a solution that brings world peace.

toadstool 2:27 pm 16 Feb 09

Does anyone know what has happened to the weekly petrol price cycle here and why we’ve been consistently paying the mid to high $1.20s for last few weeks even though a barrel of oil and the Aussie dollar is still around the same as it was when we were paying $1.00 about a month ago? I would have thought there would have been a media backlash about it by now, or has everyone just given up and accepted that we are destined to be ripped off for living in Canberra?

Pandy 5:37 pm 27 Jan 09

Petrol 92cents in Erindale and has been considtently low for the last few weeks so I have been told. Whereas nearby stations in Mawson and even Philip are selling at the $1.15 mark. Any confirmation of this folks?

I was in Dubbo the week before Christmas, and petrol was cheaper than in Canberra by a couple of cpl.

SadMushroom 1:14 pm 21 Jan 09

In August 2000 I brought my kids for a holiday here from Dunedoo (about an hour from Dubbo) and we were paying $1.14 for fuel back then.
As we entered ACT there were radio talks about fuel rises and I freaked thinking I wouldn’t have enough money to get home.
When we past a servo I noticed the price was almost 1/2 of what we have been paying and was thinking how lucky you all were.

I have no idea what the prices are like out that way now but would guess they would still almost be double.

eq2 9:03 pm 19 Jan 09

There are some yearly graphs here that show that Canberra is generally the third most expensive capital city to by fuel (probably due to our location and population):

http://www.aaa.asn.au/issues/petrol.htm

There are some day to day petrol prices for other capital cities here:

http://motormouth.com.au/news/mediadata.aspx

All the data is out there to effectively show that the Australian fuels industry is quite competitive. Consumers would be more aware of this if the data was centralised.

Hey welkin31, any chance you could send the spreadsheet to the mods and have them post it up? I’d be interested for sure, and others probably will as well. Anything that adds fact or data to the discussion is great.

eq2 6:04 pm 19 Jan 09

These prices are freely available they’re just a little tricky to find:

http://fuelwatch.wa.gov.au/news/dsp_fuelfacts.cfm

There has been a 12cent jump in the benchmark in the past 2 weeks.

welkin31 10:43 am 19 Jan 09

Eq2, that aip website is interesting but try getting the Singapore Mogas95 price data.
A few years ago I was quoted ~$10,000 per year to buy the data thru Platts.
The Govt should make all these daily data freely available.

welkin31 10:36 am 19 Jan 09

Daily data I have plotted VYBerlinaV8 does not support any 3 month lag. Just eyeballing my charts the lag is often circa 2 weeks, sometimes less. If you want my spreadsheet I can send it to you if you want.

jakez 10:34 pm 18 Jan 09

F430 said :

what about those independent service station owners in Sydney who had their fuel for 1 hour 8am-9am for 49c, YEP 0.49c!!!! tell me the big boys cannot much this come on its all a big scam.

Match it for 1 hour? You should check out how much fuel excise is.

ant 10:26 pm 18 Jan 09

Petrol always goes up on Thursday. On Wednesday it hits its lowest point, and then on Thursday people get paid, so it goes up.

It was 112 and 108 down on the coast today.

Vic Bitterman 7:24 pm 18 Jan 09

Just got back from Melbourne today. Took my 4wd which is dual fuel (petrol/LPG). LPG is going for around the 40c per litre mark, best I saw was 36.9cpl. Goddamn that’s great, considering it’s about 59cpl here!!!!

If only I could take a few “jerry cans” of LPG for the trip!!!!

blaringmike 6:30 pm 18 Jan 09

Hmm,

I noticed this last week. I filled up my bike with Premium for $1.04/L then later in the day went to fill up the car and it was $1.15 for regular?

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