Local News

Victor Worst Tailem Bend best For Regional Fuel Price Increases

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Tailem Bend has had the lowest petrol price increase for the Murraylands and Fleurieu in the past 7 months according to the RAA.

In a comparison study of country petrol pricing across the state, Tailem Bend’s price in March averaged 133.4 cents a litre, increasing 21.6 cents to 154.8 in October.

Murray Bridge came in 7th out of 14 towns with an increase of 22.2 cents a litre while Victor Harbor was the worst of the list, increasing fuel prices from an already higher level of 137.2 average to 162.1, up 24.9 cents a litre.

The RAA is calling on retailers to pass on savings with a 15c per litre drop in the wholesale price.

“The significant fall in wholesale costs is welcome news for motorists who have been suffering rising prices since March, but any relief to motorists wallets will only be felt when pump prices also fall,’’ Mr Borlace said.

“The petrol price surge recorded between March and October had been driven by two key factors." said RAA spokesman Mark Borlace.

“Crude oil prices had increased because the Organization of the Petroleum Exporting Countries and other major oil producing nations were limiting production, which was choking supply.

“And the Australian dollar had been depreciating against the US dollar, which was a problem because oil prices are quoted and bought in US dollars.

“Both these upward price pressures had been feeding through to the pump and ripping money out of already tight household budgets."

 

Image: Claire Murphy