Worst of high petrol prices over
MOTORISTS will pay less for petrol in the weeks ahead after unleaded petrol prices hit an 11-week high last week, an economist says.
The average Australian price of unleaded petrol rose 0.6 of a cent to 144 cents a litre in the week ended January 22, data from the Australian Institute of Petroleum shows.
The national average metropolitan price rose 0.6 of a cent to 143.5 cents a litre, while the regional average price rose 0.6 of a cent to 144.9 cents a litre.
"Given that fuel prices peaked last Friday, it is likely that pump prices will continue to fall over the coming week," Commsec economist Savanth Sebastian said.
Mr Sebastian said drivers had a tougher task in picking the cheaper days to buy petrol as the discounting price cycle had shifted from around seven-to-10 days out to 12-to-14 days.
The average price of petrol rose in all capital cities bar Adelaide.