Media releases

Adelaide petrol price spikes put pressure on motorists’ pockets

Tuesday, 30th Jun 2020

Petrol price spikes are costing motorists dearly despite falls in fuel costs, latest figures show.

RAA is calling for the urgent introduction of real-time fuel pricing to help drivers avoid being hit by price spikes, which can add an extra $20 to the cost of filling the tank of a typical family sedan.

This month petrol prices spiked by 34.9c/l on average, even more than the 30.3c/l January spike, recorded before wholesale fuel prices fell due to the Covid-19 crisis, RAA fuel expert Mark Borlace said

“Motorists are still paying a hefty financial penalty if they need petrol when prices spike, despite falls in wholesale fuel costs,’’ Mr Borlace said.

“However, real-time fuel pricing can help motorists find the cheapest prices available to maximise their savings at the pump.

“The Covid-19 economic crisis makes it even more urgent to provide this pricing information to help ease pressure on household budgets.’’

Mr Borlace said the SA Productivity Commission made a set of suggestions in March regarding the introduction of a real-time fuel pricing model that RAA has long called for in SA.

“RAA looks forward to Parliament passing the model recommended by the Productivity Commission to ensure motorists in SA can reap the benefits,’’ he said.

 

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