Monday 16 May 2022 06:43 AM Sydney petrol prices: Why fuel prices are surging again trends now

Monday 16 May 2022 06:43 AM Sydney petrol prices: Why fuel prices are surging again trends now
Monday 16 May 2022 06:43 AM Sydney petrol prices: Why fuel prices are surging again trends now

Monday 16 May 2022 06:43 AM Sydney petrol prices: Why fuel prices are surging again trends now

Why petrol prices are rising AGAIN across Australia - cancelling out the government's cut to the fuel tax Prices at the bowser rose for a fourth week in a row despite cut in fuel excise tax Experts warn international factors will drive up fuel prices to $2.40 per litre Fuel prices are predicted to settle in September when oil production hits peak 

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Petrol prices are soaring across the country despite government efforts to ease pressure at the pump.

Prices at the bowser rose for a fourth week in a row as international factors undermine the government's temporary cut in fuel excise tax aimed at easing the cost of living

The government excise on fuel was cut by 22 cents following the federal budget six weeks ago - but experts predict fuel prices will rise higher than $2.40 per litre.

Chris Ford from Compare the Market on Monday said global issues are working against motorists filling up their tanks. 

Chris Ford (pictured outside a petrol station in Brisbane on May 16) said international factors are driving up petrol prices across the country despite the government's fuel excise tax cut in March

Chris Ford (pictured outside a petrol station in Brisbane on May 16) said international factors are driving up petrol prices across the country despite the government's fuel

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