More than 100,000 people are preparing to forego petrol for a day in protest of the highest fuel prices in a decade.

Skyrocketing prices at the hands of ‘gouging’ retailers has resulted in 164,000 people pledging on social media to boycott petrol stations on Friday October 26 Australia-wide.

But while the day of defiance is expected to make a statement, industry experts believe it will be short-lived.

Australian unleaded petrol prices have reached the highest point in a decade (pictured)

While more than 164,000 Australians plan to boycott petrol stations on Friday, industry experts suggest there are more effective ways to make the consumers’ voices heard.

Petrol prices in some parts of the country are at a ten-year high due to a weaker Australian dollar and higher global oil prices.

With the national average for unleaded pushing towards $1.60 a litre and some suburbs already forking out more than $1.70 a litre, experts say they’re noticing  Australians getting fed up.

NRMA spokesperson Peter Khoury said it’s understandable that consumers are frustrated, but suggests a boycott isn’t a long-term solution.

‘The factors that affect the price of petrol aren’t going to go away tomorrow,’ he told Daily Mail Australia.

‘The inflation factors have been around all of 2018 and they’re not going to change in one day.’

Senior Economist at CommSec Ryan Felsman shares the sentiment, saying the best long-term solution is for consumers to hold ‘gouging’ petrol stations accountable.

‘Customers can plan their top-ups better,’ he said.

‘The best way to deal with the gouging stations is to boycott those stations.’

Holding ‘gouging’ petrol stations accountable would be more beneficial in the long-term than a one-day protest, experts say

The timing of the boycott could also be problematic, with Mr Khoury suggesting a national boycott doesn’t reflect each state’s prices.

Right now, prices in Adelaide are low, which Khoury believing a nation-wide boycott would only cost them a day of good petrol prices.

Both Mr Felsman and Mr Khoury said the best way for motorists to hold petrol stations accountable is to use mobile phone apps to identify the best deal in their area.

‘Apps like Motormouth give real-time data that can dob in repeat offenders,’ Felsman says.

Regardless, more than 160,000 people have indicated they will take part in the National Fuel Strike on Friday.

The day of action was organised by retired music teacher Sabrina Lamont who gave up a job she loved when she could no longer afford to buy fuel to drive 500km a week to teach isolated children.

The National Fuel Strike on October 26 was organised by retired music teacher Sabrina Lamont (pictured), who decided to boycott buying fuel as a national day of action.

More than 160,000 people are set to take a stand against the surge in fuel prices when they take part in a national fuel strike on Friday

The fed-up motorist from Bundaberg in Queensland decided she wasn’t going to put up with costly pump prices and created the Facebook page National Fuel Strike.

More than 160,000 people have said they are interested in the day of action.

Ms Lamont said she created the day to reduce the burden of excise and taxes, which according to the publication, adds up to more than 30 per cent of the bowser price.

‘It’s time to rise up against the petroleum industry and make a stand’, she wrote on the Facebook page.

‘On the 26th of October let’s join together in an Australian wide fuel strike.’

Retired music teacher Sabrina Lamont decided she wasn’t going to put up with costly pump prices any more when she created the Facebook page ‘National fuel strike’ (pictured)

The post garnered plenty of interest with many people taking to social media to share their comments.

‘Lets get on board about time,’ one woman wrote.

‘The people, united, will never be defeated,’ another person said.

A third person added: ‘Complete gouging especially shell and Caltex will never buy from them again.’

Ms Lamont believes the effect of boycotting servos – even for just one day – will be enough to shock the industry into keeping prices to a minimum.

‘The loss of the fuel plus the added sales of drinks, chocolates etc should be enough to send a shock to the industry,’ she wrote.

‘Following on from this strike we will be arranging targeted strikes until our voices are heard and a change is made!!’

While not purchasing fuel one day a month will undeniably have an impact, RACQ spokeswoman Lucinda Ross believes it won’t be effective in the long-term.

‘We see many motorists continuing to buy from the most convenient site, often just because it’s on the way home from work – but these servos could be the ones charging the highest prices,’ Ms Ross said.

According to Ms Ross, the most effective way to keep petrol prices at their lowest is to do your research and always purchase fuel at the cheapest servo.

Regardless, Ms Lamont is hopeful the government will listen to her call to action and bring down taxes for ‘basic living necessities – like fuel’.

Extracted from Daily Mail