Money Drivers are being stung at the pump after the price of petrol soars 25 per cent in just one year - and it's going to get worse

04:30  03 july  2018
04:30  03 july  2018 Source:   dailymail.co.uk

High-tech cameras to be installed to crackdown on petrol thieves

  High-tech cameras to be installed to crackdown on petrol thieves High-tech cameras will be used by petrol stations across Victoria in a bid to cut down on the number of people not paying for fuel. The cameras will be able to scan number plates to ensure drivers who fail to pay for their fuel will be caught out.The trial will also extend to hospitals and public car parks to target those who try and sneak past the boom gate without paying for their parking. © Provided by Nine Digital Pty Ltd High-tech cameras will be installed at petrol stations and public car parks to target fuel thieves.

Petrol , diesel prices soaring : What' s stoking the fire. The price of petrol stood at Rs 73.83 per litre while diesel was priced at Rs 64.69 a litre in the national capital, according to official data But, since July 1 last year , global crude oil prices shot up by 47 per cent , which resulted in your fuel bills soaring .

oldest. recommendations. Show 25 . Well, as usual the breathless headline " prices soar " is just a bit of journalistic hyperbole. A ten dollar price increase per barrel means an additional 5 p per litre at the pump , after a record low in the past three years .

Video provided by Nine News

The price of petrol has increased by its biggest margin in almost a decade - and the cost for motorists is expected to increase.

The cost of filling up at the pump has increased from 2017 at the highest rate in nearly 10 years, Nine News reported.

Australians are paying $1.49 per litre of fuel on average in 2018, while drivers in Sydney are paying $1.44 for each litre.

Global crude oil prices have risen to a three-and-a-half year high.

Petrol prices threaten family budgets before school holidays

  Petrol prices threaten family budgets before school holidays Petrol price hikes are adding to concerns the economy is not delivering for average workers.Weekly figures from the Australian Institute of Petroleum showed unleaded petrol prices jumped by 10 cents per litre in Sydney and 11 cents in Melbourne, while averaging a four cents a litre increase across the country.

To be sure, it will take a while for the effects of higher oil/gas prices to be fully felt: the “driving season”, the peak of petrol consumption in the US, is April to September, and the EIA expects prices this summer to be at their highest for four years , up 10 per cent from 2017.

And it ' s worse news for diesel drivers , as the nation came in at 25 th out of 29 countries analysed. Late last year , we revealed how Brits are forced to shell out an extra £60 a year on petrol and diesel after pump prices rocketed.

a store inside of a building: The price of petrol has increased by its biggest margin in almost a decade - and the cost for motorists is expected to increase© Provided by Associated Newspapers Limited The price of petrol has increased by its biggest margin in almost a decade - and the cost for motorists is expected to increase As international petrol prices rise, the effect is expected to be felt in Australia.

Australians pay $240 each month for petrol, according to CommSec - $50 more than last year.

CommSec senior economist Ryan Felsman said prices have jumped 25 per cent in a single year.

'That's the strongest growth rate in nine-and-a-half years,' he told the Daily Telegraph.

a close up of a sign: An Australian Competition and Consumer Commission report found petrol prices increased significantly from April© Provided by Associated Newspapers Limited An Australian Competition and Consumer Commission report found petrol prices increased significantly from April An Australian Competition and Consumer Commission report found petrol prices increased significantly from April.

'Consumers have recently been paying around $1.60 [per litre] for petrol,' ACCC chairman Rod Sims told ABC News.

Tensions in the Middle East, potential sanctions against Iran by the United States and concerns over supply from South America.

RACQ names Bruce Highway as Queensland's 'most unroadworthy road' .
The 2018 Unroadworthy Roads Survey showed ten of Queensland's most-complained-about roads.The Unroadworthy Roads Survey 2018 had more than 600 nominations for roads with issues such as rough surfaces, congestion, blind corners and lack of markings, and hazardous roadsides.

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