DESPITE fuel costs growing and other capital cities seeing major price hikes, Hobart petrol prices aren’t expected to rise drastically in the short term, according to the RACT.

Sydney, Brisbane and Adelaide are this week experiencing unleaded petrol prices of $1.65 a litre or higher — a jump as high as 35 cents in some suburbs.

The Australian Institute of Petroleum shows Hobart’s average terminal gate price currently sits at $1.33 a litre — a six cent rise since early last month.

The average price for unleaded petrol in Hobart on Thursday was $1.57 a litre — the highest of all capital cities.

But RACT general manager mobility services Darren Moody said Hobart motorists shouldn’t be alarmed by national retail price rises.

He said he did not expect Hobart to experience any retail price increases in the short term.

“What we are seeing interstate is the capital cities moving to the top of a price cycle at the same time,” he said.

“The wholesale price has been pretty stable for a few weeks.

“If anything, Tasmanians have been paying above the odds by between four and six cents a litre for a month or two.”

According to fuel price comparsion website Petrolspy, greater Hobart’s cheapest unleaded petrol on Thursday was $1.49 a litre at Caltex on Main Rd, Glenorchy.

The most expensive the Battery Point Caltex at $1.66 a litre.

Extracted from The Mercury