| 21.12,11. 05:44 AM |
Beating the Christmas bowser blues
December 21, 2011
MOTORISTS could save 15c per litre by filling up on Boxing Day, with petrol prices to shoot up to about $1.47 per litre after that, the NRMA said.
Average prices will hit about $1.39 on Friday, drop to $1.35 early next week, and then rocket to a weekly price cycle high of almost $1.50, NRMA data shows.
“NRMA analysis of Christmas fuel prices has found prices this Friday should reach around $1.39 cents per litre on average and drop to the weekly low on Boxing Day,” a spokesman said.
Petrol price tipped to fall for Christmas
“Families are being discouraged from filling up next Wednesday when prices reach the average high-point of $1.47 cents per litre.”
Yesterday the average price of petrol across Sydney was $1.42 a litre, with a low of $1.31 and a high of $1.55.
“The last time Sydney experienced a consistent cycle for two weeks in a row or more was in May.”
NRMA Motoring & Services President Wendy Machin said the public will not tolerate any unnecessary price hikes over the holiday season.
“If recent price movements in Sydney are anything to go by then we know that prices should remain stable leading up to Christmas, drop on Boxing Day then spike next Wednesday,” Ms Machin said.
“There have been no significant movements in the Australian dollar or Mogas prices to justify a sudden Christmas price hike.”
The NRMA is again calling on the ACCC to investigate the ad hoc nature of the price cycle in Sydney.
“While Australia can't control the factors which lead to these fluctuations, we need to end our dependence on this volatile product and Governments need to do something about it,” Ms Machin said.