Australian average petrol prices hit new high

The national average price of unleaded petrol across Australia has hit a new record over the past few weeks – and continues to hover well above average.

The Australian Institute of Petroleum shows the national average price of petrol peaked at 211.2 cents per litre on Sunday 1 October, with the most recent average recorded at 208.5c/L just three days ago.

Despite the minor relief, fuel is sitting well above previous averages from the last 12 months, with prices typically bouncing between lows of approximately 175c/L and highs of 190c/L across the country.

The previous top was recorded in mid-November 2022 when the national average hit 198.9c/L – a 35 per cent increase over the previous 2021 high of 147.8c/L.

Motorists are encouraged to take advantage of smartphone apps which can track pump prices in your local area, allowing you to see where the cheapest fuel is and if the prices are trending up or down.

Convenience store chain 7-Eleven also has an app which searches for the cheapest fuel in local areas and allows motorists to lock in that price for seven days – allowing drivers to take advantage of dips in the price cycle, particularly when they may not need to immediately fill up.

To see more fuel-saving tips, click here.