Fuel price hike

Tumut hasn’t escaped the recent petrol price hike with Caltex (above) and Shell (above right) showing the latest figures.

Tumut has not escaped the recent petrol price hike, with prices climbing as high as 145.9 cents per litre for unleaded petrol.

Coles Express Shell in Tumut had petrol for 145.9 cents per litre yesterday, while Caltex Tumut and Woolworths Tumut had it for 131.9.

The recently opened Adelong Fuels was selling it for 135.9 per litre.

Adelong resident Rick Dowell has noticed the hike in the area.

“You bet your bloody left leg I have,” he said.

“A friend who went on a trip to Mount Isa said it was cheaper there than in Adelong. I have noticed the increase in Tumut as well.”

Tumut resident Bruce Quinnell described the price increase as a “disgrace to the town.”

“Especially the Coles price. Why do we have to pay that much?”

These price hikes are similar to increases in Gundagai and Wagga Wagga.

NRMA spokeswoman Rebecca Page said the rises were not isolated to the Riverina, and that oil prices everywhere had increased dramatically after oil producing nations agreed to reduce supply.

A weakened Australian dollar had added to the problem, but there is light at the end of the tunnel.

“There’s good news in that the Aussie dollar has risen slightly against the greenback and the barrel price of oil has fallen by about $3,” Ms Page said.

“The worst should be behind us; we don’t expect to see further rises, but it could be a while before the terminal gate price reaches this area.

The Australian Competition and Consumer Commission (ACCC) had recently warned of the rises last week, with chairman Rod Sims citing OPEC as a key factor.

“Along with the falling exchange rate, the OPEC agreements are the primary reason for increases in wholesale petrol prices over the past six weeks and why motorists are likely to see higher petrol prices in the near future,” Mr Sims said.

“The OPEC cartel, therefore, continues to cause Australian motorists to pay much more from petrol than they should.”

With the price rise coming as a shock to many, Ms Page said people should make use of petrol price apps and look for a good deal.

“More often independent service stations are cheaper because petrol is their core product and they need to compete on cost,” she said.

“We encourage motorists to support independent operators.”