Thursday 15 September 2022 11:32 PM How much will fuel costs increase? When will fuel go up? Fuel set to cost $2 ... trends now
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Motorists should fill up their cars now with petrol prices set to skyrocket in the coming weeks.
Cost-of-living watchdog One Big Switch's Joel Gibson warned petrol prices would jump from an average of $1.65 per litre to more than $2 as the federal government reintroduces the fuel excise tax and price cycles refresh.
The fuel excise will see prices jump by about 22c per litre by September 30.
Fuel prices are set to jump by at least 60c per litre in coming weeks with motorists urged to fill up now
However, normal price cycles are set to increase petrol prices at the same time.
The coinciding price factors will bring fuel prices up by at least 60c per litre, with averages expected to be well over $2 per litre.
Mr Gibson said retailers have two options when increasing fuel prices, they could choose to bring in both the new cycle and fuel excise at once or spread the cost over a few weeks.
One option would allow retailers to pin the blame of the massive increase on the
