Massive spike in Melb petrol prices in the last 24 hours...

[Trump]

Is it just me or have ULP prices shot up 20-22 cpl over the course of the past 24 hours? Petrol (91 RON) was sitting at $1.24-1.26 and all of a sudden shot up to $1.46-1.48.

What gives?

[foxtrot3]

Hi. Shell with discount 121.9/122.9 at midday (8 cent discount) real price 129.9/130.9. At 2.30 I was seeing shell with discount at 144.9 (4 cent discount),real price 148.9. stopped on the way home and got BP at 127.9. The fuel companies are screwing us again. Cheers MD

[cedric]

1.4o - 1.50 is our normal price here in north queensland, I am afraid to look if ours have gone up as well !!!!

[mr smith]

I just filled up with 98 for $1.45 in Melb. I normally don't give a toss but a tank load was $90 rather than $115. So I bought some beer, which I am drinking now

[neptune blue]

The fuel companies/ retailers are laughing at us and the ACCC..... All the way to the bank

[mik]

A couple of reasonably cheap priced weeks was nice, .........new it wouldn't last though.

[joolz]

The graph in the link shows the wholesale price at its lowest 2 weeks ago and has increased since then. But has dropped again.

http://www.aip.com.au/pricing/marketwatch.htm

More taxes for the Gov as of today!

[burnz]

just checked NRMA website (around the state NSW) E10 around $1.40,,ULP91 around level with diesel $1.49

[Trump]

I poured a tank of 95 at $1.32 yesterday morning, those rat bastards!

[bobthebilda]

Originally Posted by neptune blue

The fuel companies/ retailers are laughing at us and the ACCC..... All the way to the bank

I don't think it is. I was in Melbourne last week and was suprised how cheap the fuel was, compared to along the whole east coast of qld at the same time. With fuel discount, I was paying $1.17 a litre in Melbourne. I suspect some companies were absorbing some loses along the supply chain at the time.

[prydey]

its $10-$12 if you fill your tank. hardly worth the song and dance every time is it??

still cheaper than coke. actually cheaper than most peoples favourite beverage and yet there's no complaints when it comes time to hand over the folding for a carton.

[BPXR6T]

$1.26!! I've been paying $1.60 2hrs out from Melbourne.

[MITCHAY]

Funny this comes up because I saw this article the other day. Maybe they caught on : http://www.canberratimes.com.au/act-...429-2ioby.html

Petrol stations don't exist to save people money after all. I don't even know what I pay. I just fill up because it doesn't really matter when it comes to 98. It barely moves in price.

[foxtrot3]

Hi. For all the oldies out there. Maybe its time for a political party to bring in something like the old "prices justification tribunal" to set fuel prices and to hell with the fuel companies. Cheers MD

[ryeman]

The low side is a threat to the independents survival and for them the high side is blessed relief at least til the cycle returns....wouldn't want to be in their shoes.

[Phil B]

Eh, been paying $2.07/L for the last year...

[fordomatic]

you guys in melbourne have it good, i pay $1.75l to $1.80l for BP ultimate here in Canberra. When i left Melbourne last time (3 weeks ago) 98 was $1.48l, would love to know why Canberra is so expensive

[fordomatic]

Originally Posted by MITCHAY

Funny this comes up because I saw this article the other day. Maybe they caught on : http://www.canberratimes.com.au/act-...429-2ioby.html

Petrol stations don't exist to save people money after all. I don't even know what I pay. I just fill up because it doesn't really matter when it comes to 98. It barely moves in price.

Good link mate, for a main city we get absolutely screwed over here in canberra, and there is no excuse for it at all. I pay more here for 98 than i ever did in Townsville for 98.

[BLU-220]

Originally Posted by Phil B

Eh, been paying $2.07/L for the last year...

man is that for giggle gas . today i filled up the gt cost me $75 can't remember the c/l but roughly around the .142 mark when the people at the counter ask me if i got any discount vouchers i just laugh

[BLU-220]

and that was for bp ultimate, whait a minute i rephrase that bp ultimate price

[Geez Louise]

YEP. Petrol went up today in Melbourne by 20c per litre. Get use to it. Prices will be like this and more for the next month or so.

[2011G6E]

It's because the price of oil is down, and our dollar is still pretty strong...and when it rises again, that will be because our dollar is weaker and the price of oil has risen...or something....

Basically, it's because some whacker many years ago decided it would be a great idea to link our petrol prices to the refinery prices in Singapore instead of somewhere else...or just making it up as we go along like most countries do...

[Iggle Piggle]

I don't get why the price of fuel stayed the same when the price of a barrel of oil plummeted in the GFC, and buying power of the $Aus skyrocketed.

I'm guessing something to do with being Singapore benchmark??? Or is that what Woolies and Coles want me to believe?

EDIT: Scarey, think I am channeling 2011G6E

[baboon]

Didnt know BP had discount vouchers?

[csv8]

Rockhampton 91 is $148.9...98 is $163.9. Choice is $142.9 for E10. sugar goes in my coffee not my tank!!

[BLU-220]

Originally Posted by baboon

Didnt know BP had discount vouchers?

hey they still ask thou

[baboon]

Out in Geelong the local APCO has 91 for 124.9c/L

The local Shell are still taking the 8c/L discount so 91 is 118.9c/L (from 126.9)

[Itsme]

Pack of sooks, go see what the real price of fuel in out back/regional Australia costs, then you will appreciate what you are paying now in the big cities..

[neptune blue]

Originally Posted by bobthebilda

I don't think it is. I was in Melbourne last week and was suprised how cheap the fuel was, compared to along the whole east coast of qld at the same time. With fuel discount, I was paying $1.17 a litre in Melbourne. I suspect some companies were absorbing some loses along the supply chain at the time.

Short term pain
When was the lst time a major fuel producer / retailer reported a loss
They are no different to banks ... We can't function with out them

[Jack960]

1.26 at BP in geelong I drove past a few hours ago.