Time to fill up your car, experts say

Time to fill up your car, experts say

The value of petrol has dipped to its lowest degree in months with economists urging folks to replenish now earlier than costs are hiked.

The nationwide common of unleaded petrol is at present $1.75 per litre, with the price of U91 setting Sydneysiders again $1.77 per litre based on Fuel Check.

E10 will set Sydney motorists again by $1.72 per litre, premium 95 is sitting at a mean of $1.90 per litre, whereas diesel is available in at $1.85 per litre.

BUDGET GENERICS
Camera IconWhile petrol is as little as $1.55 in Sydney’s west and internal west, costs stay increased within the east and north. NCA NewsWire / Josie Hayden Credit: News Corp Australia

There are additionally loads of petrol stations the place costs for U91 dip beneath $1.65 per litre, particularly within the internal west and western suburbs.

TEMCO Petroleum in Greenacre is promoting U91 for $156.9 as of Wednesday evening whereas Metro Petroleum in Leichhardt has its U91 value listed as $1.55 per litre.

It‘s a far cry from high petrol prices experienced in the first half of the year, with prices sitting at an average of $2.04 per litre in Sydney just one month ago.

CommSec senior economist Ryan Felsman even flagged that prices could fall further as the week continues, a comment backed up by NRMA fuel experts who predict the average will fall to the mid 160 cents.

HOUSEHOLD SPENDING
Camera IconPrices could rise when school holidays end and traffic picks up again. NCA Newswire / Gaye Gerard. Credit: News Corp Australia

“I‘d encourage people to fill up their tanks over the next few days,” he told 9 News.

“We don‘t know when the next price hike is coming, it’s most definitely to happen both subsequent week or the week after.”

Bargain hunters hoping to seek out the most cost effective petrol within the metropolis are urged to make use of an app similar to FuelCheck or PetrolSpy. Other suggestions embrace filling up in suburbs similar to Strathfield and Liverpool the place there are extra petrol stations, thus extra incentive to draw clients with a discount.

Source: www.perthnow.com.au