A rise in wholesale petrol prices means drivers could be feeling the pinch at the bowser as school holidays begin.
With school holidays having already started in Melbourne - and the AFL Grand Final approaching - CommSec analysts suggested Melburnians leave the car at home, with prices averaging $1.64 a litre today. The latest report from the Australian Institute of Petroleum shows wholesale unleaded prices climbed 4.6 cents last week.NRMA's Peter Khoury said this meant retail prices could go up as soon as Friday.
Mr Khoury said even before the attacks on two Saudi Arabian oil processing plants earlier this month, petrol prices were set to rise. He blamed that on the escalating trade war between the US and China, a weak Australian dollar and oil-producing nations cutting production to up prices.
Already gone up by more than 30c a litre in the west of Melbourne. Absolute rort.
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