Motorists should buy now to avoid petrol price spikes

The Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims has urged motorists to shop around now to find the best deal before price cycles push petrol prices higher. The ACCC is concerned that petrol prices are increasing in Sydney, and those in Melbourne, Brisbane and Adelaide may increase in coming days, following largely OPEC-inspired recent increases in wholesale petrol prices.

"The ACCC is concerned that petrol prices are increasing in Sydney, and those in Melbourne, Brisbane and Adelaide may increase in the coming days, so motorists should get in early, shop around, and consider filling their tanks before prices jump," ACCC Chairman Rod Sims said.

ACCC stated that consumers can use information on capital city price cycles on the ACCC website to determine the best time to purchase petrol, and a number of the available fuel price apps to determine the lower priced sites in their area.
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