Petrol Prices are going up – why is this and what to do about it?

Australian motorists are suffering the biggest annual increase in petrol prices in 9.5 years as global factors combine to slug drivers at the bowser.

 

ACCC - 2017-2018 financial year petrol prices on average rose by 10 percent, resulting in drivers struggling to make ends meet with the price of fuel. Add on people living further and further away – Adds to the weekly budget – making it harder to save!

But motorists can manage this cost by using fuel price apps and websites to reward retailers offering the lowest price.

 

In the episode we cover the following:

What is causing the rise: Supply and Demand of course The global oil markets Geopolitical and currency pressures Greedy retail margins How to try and save at the pump