Cost of petrol FINALLY set to fall after weeks of soaring prices
Aussie motorists can finally expect to see the cost of petrol fall across the country after weeks of climbing prices.
The relief follows the average price of petrol reaching a four-year high and motorists being forced to pay up to $1.63 per litre in parts of the country.
On average, drivers in Sydney, Melbourne, Perth and Adelaide have been paying roughly $1.40 per litre. In Canberra, motorists have been paying nearly $1.50 per litre.
Petrol prices are expected to drop by the June long weekend and drivers are recommended to fill up then.
The NRMA’s Peter Khoury predicted four cents to be taken off the price per litre as the cost of a barrel dropped by $4 last week.
“After a year almost, of consistent world oil price increases, this is finally starting to turn,” he told Today.
“Finally, finally we've got some relief coming.”
Since June last year, world oil prices have increased by 67 per cent.
CommSec chief economist Craig James advised motorists to utilise fuel price websites and apps in order to shop around for the best deal.
"Our first industry report showed that retailers' prices are not the same — retailers do price differently and have different strategies to get you to fill up with them," Mr Sims told ABC News.
"Yesterday lunchtime, the available fuel websites and apps indicated that the range between the highest and lowest-priced sites was over 20 cents per litre (cpl) in Sydney and Adelaide, around 15cpl in Brisbane and Perth, and around 10cpl in Melbourne."