Petrol Prices Already Tracking Upwards

A sign outside a petrol station shows the price of petrol breaking through the two Australian dollar (1.46 USD) a litre mark in Melbourne, Victoria, on March 3, 2022. William West/AFP via Getty Images

Petrol prices lifted by almost 10 Australian cents (US 6.5 cents) a litre last week, with the national average unleaded sitting at $1.83 a litre.

The rise coincides with the return of the full fuel excise tax on Wednesday, although petrol prices weren’t meant to surge immediately.