Adelaide Petrol Prices Have “Surged” In The Last Year

Jan 21, 2020

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Adelaide’s average unleaded price is up almost 40 cents a litre since the same time last year, according to the RAA.

The increase is costing motorist up to an extra $30 a tank now compared to January 2019.

According to the RAA:

The 12-month surge in fuel costs come as Adelaide’s petrol price cycle spikes before the Australia Day long weekend.

Adelaide’s average ULP price this month is 159c/l - compared to an average price of 121c/l in January last year.

This price increase has significantly impacted on the cost of a tank of petrol, ranging from an extra $30 for a large four-wheel-drive, an extra $26 for a medium sized SUV, $23 for a family sedan and even $15 for a city run about, RAA fuel expert Mark Borlace said.

“The 30 per cent increase in average petrol prices between January last year and this month is hurting motorists hip pocket,’’ he said.

The petrol price surge was also flowing through to the cost of driving holidays, Mr Borlace said.

“Filling up at average Adelaide ULP prices this January compared to January last year is costing drivers of a common car like a Toyota Camry an extra $41 for a return trip to Port Lincoln,’’ he said.

“A return trip Mt Gambier in the same vehicle has jumped by $27, while a return drive to Renmark has risen by $16.’’

Mr Borlace said crude oil prices had increased during the past 12 months as a result of improving trade relations between the US and China.

“This has driven up the wholesale price of petrol, however changes to the price cycle at the pump has also contributed to higher average prices in Adelaide,’’ Mr Borlace said.

“The spike in prices has increased from around 20c/l to 40c/l, so the cost of missing out on cheap prices has also soared.

“And fuel prices regularly stay high for about five days now, rather than two or three days.

“This is why RAA is looking forward to the State Government honouring its commitment to introduce real-time fuel pricing so motorists can fill up at the cheapest prices available.’’

Real-time fuel pricing is available in NSW, Western Australia and the Northern Territory, and has been trialled in Queensland for the past year.

According to Queensland’s motoring organisation RACQ, real-time fuel pricing information made available through apps has increased competition among retailers, increased the number of cheap price days and put downward pressure on pump prices.

“We are calling on the government to give South Australians the same price information available to motorists interstate,’’ Mr Borlace said.

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