Petrol price rise warning

Written By miftah nugraha on Sabtu, 13 Juli 2013 | 19.55

TASMANIAN motorists are being warned to keep a close eye on fuel prices with fears a spike at the bowser is imminent.

With the wholesale price of fuel spiking in Singapore off the back of a drop in the Australian dollar the RACT has raised concerns the cost jump could soon hit the wallets of local motorists.

Retail prices have been gradually creeping up in Hobart in the past week.

Latest figures from fuel watchdog website Motormouth shows the average price for unleaded fuel in Hobart had reached 154.1c a litre on Thursday compared with the June average of 151.4c a  litre.

Hobart remains the most expensive capital city, behind Darwin, for the highest average petrol prices in the country.

Despite Hobart remaining relatively stable so far, other states states have seen quick rises in prices to the tune of up to 20c a litre in the past few days.

The wholesale price has also crept up, as it had in other states.

RACT spokesman Vince Taskunas said yesterday Tasmanians had become accustomed to a fairly stable market when it came to fuel.

However, in coming weeks motorists should keep a close eyes on fuel prices, he said.

"Generally, people don't look at the price," he said.

"But in coming weeks motorists should look at prices more closely.

"Fuel is inevitably going to go up."

Mr Taskunas said the recent drop in the Australian dollar was great news for Tasmanian exporters, but it  would have an impact on fuel prices.

"We are seeing an increase in the cost per barrel because of the exchange rate dropping," he  said.

In other states, petrol prices have jumped considerably recently.

In Perth and Adelaide, some service stations have  seen price rises of up to 20c a litre for unleaded fuel.

Mr Taskunas said prices in Hobart had remained relatively stable, but prices in the North and North-West of the state had jumped recently.

He said he expected price spikes would take longer to occur in Tasmania than they had in other parts of the country.

In the past few years, the average price of unleaded fuel in Hobart has jumped from 122.2c a litre in June 2009 to 148.8c a litre last month.

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