Josephine Lim, 09 December 2015

ALMOST half of Adelaide petrol retailers have spiked ULP prices by 25c a litre and the RAA warns more will follow.

More than 46 per cent of major retailers in metropolitan Adelaide are selling around ULP for $1.34 per litre, with Coles Express being the most committed to the price hike, RAA said.

Senior analyst Chris West advised motorists to find retailers selling $1.11 or lower per litre.

“More than 90 per cent of Coles are having the highest spike,” he said.

“134.9c (per litre) is a rip-off, it doesn’t reflect global oil prices.

“It is not normal to see Coles to be ignorant of competitors even when competitors are having lower prices.”

Mr West said more retailers would start to hike up their prices by Thursday morning.

“If you’re going away this weekend it might be worth filling up now,” he said.

“If you’re not ready to fill up yet, it might be cheaper to fill up in country SA.”

The cheapest ULP prices in Adelaide is 103.7c per litre at Costco Kilburn.

Independent retailers at Port Adelaide and Semaphore are selling about $1.05.

Mr West said fuel prices around the Christmas holiday period would depend on the next fuel cycle.

“We’d have to see how much the next fuel cycle is and to see the Monday before Christmas,” he said.

“We’d love to see lower (fuel) prices during the Christmas and New Year period because people need that money for something else.”

Extracted in full from The Advertiser.

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