South Australia’s regional petrol pain revealed
Thursday, 8th Nov 2018
Petrol prices have surged up to 27.7c/litre in regional centres in the past seven months, according to RAA figures.
This jump in petrol prices since March has added more than $20 a week to fill the tank of a typical family sedan, according to RAA.
However, there is good news for motorists with a 15c/litre fall in wholesale petrol costs since mid-October as a result of increased oil supplies, RAA said.
RAA spokesman Mark Borlace is urging fuel retailers across the state to pass on these saving to motorists at the pump.
“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.
“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.’’
RAA surveyed 14 regional towns in SA and compared average petrol prices in March, the cheapest month of the year to date, and last month.
The greatest increase was in the Riverland town of Renmark, where prices rose 27.7c/litre during this period.
The next biggest increase was 25.9c/litre in both Port Augusta and Whyalla. Port Pirie recorded a rise of 23.9c/litre.
In the state’s South East, Naracoorte recorded a 25.7c/litre increase, compared to Mount Gambier’s 22.7c/litre and Bordertown at 21.9c/litre.
Tailem Bend recorded the smallest rise of the towns surveyed at 21.6c/litre.
Mr Borlace said factors influencing the range of price rises in regional centres included their location and population size.
“Some towns are further away from Adelaide which impacts on the transport component costs and there are also varying levels of retail competition due to population sizes,’’ Mr Borlace said.
RAA regional petrol price survey
Bordertown Mar av 134.7c/l - Oct av 156.6c/l - up 21.9c/l
Mt Gambier Mar av 136.4c/l - Oct av 159.1c/l - up 22.7c/l
Naracoorte Mar av 134c/l - Oct av 159.7 - up 25.7c/l
Loxton Mar av 132.3c/l - Oct av 154.1c/l - up 21.8c/l
Renmark Mar av 134.3 - Oct av 162c/l - up 27.7c/l
Tailem Bend Mar av 133.4c/l - Oct av 156c/l - up 21.6c/l
Murray Bridge Mar av 132.6c/l - Oct av 154.8c/l - up 22.2c/l
Kadina Mar av 135.9c/l - Oct av 158.3c/l - up 22.4c/l
Pt Augusta Mar av 138.1c/l - Oct av 164c/l - up 25.9c/l
Pt Pirie Mar av 133c/l - Oct av 156.9c/l - up 23.9c/l
Whyalla Mar av 137 - Oct av 162.9c/l - up 25.9c/l
Pt Lincoln Mar av 138.7c/l - Oct av 163.4c/l - up 24.7c/l
Victor Harbor Mar av 137.2c/l - Oct av 162.1c/l - up 24.9c/l
Broken Hill Mar av 139.8c/l - Oct av 161.9c/l - up 22.1c/l