Petrol Hits 17-week High in Australia, but Relief Ahead

A sign outside an Ampol petrol station in Melbourne, Australia on March 3, 2022. William West/AFP via Getty Images

Fuel prices have lifted another three cents a litre to a 17-week high, but there’s relief on the way for some motorists.

Falling petrol prices in Melbourne and Perth suggest these cities have entered the discounting phases of their fuel cycle, which means prices will fall before lifting again, usually sharply.