Petrol prices in Canberra remained steady last week despite the national price increasing by 6.3c a litre, the biggest weekly increase in four months.
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According to the Australian Institute of Petroleum, the national average price reached 155.4c a litre last week although Canberra paid 2.2c more at 157.6c.
The largest increase in price was recorded in Brisbane with a rise of 11.5c a litre to 157.6c, while Adelaide, Melbourne and Sydney all experienced increases between 10.4 and 10.9c a litre.
Darwin remains the most expensive capital city at 173c a litre followed by Hobart at 160.8c and Canberra at 157.6c. Prices in all three of these cities remained stable last week.
CommSec chief economist Craig James said petrol prices were likely to increase in coming weeks and the ACCC should renew its focus on price variations between capital cities.
“Not only does the average petrol price vary significantly from week to week and city to city but so does the gross retail margin where it has been below 6 cents in Melbourne over April but above 27 cents in Darwin,” he said.
Average petrol prices in the week to Sunday, April 20:
- Canberra: unchanged at 157.6c
- Sydney: up by 10.4c to 155.9c
- Melbourne: up by 10.8c to 152.9c
- Brisbane: up by 11.6c to 157.6c
- Adelaide: up by 10.9c to 154.6c
- Perth: up by 0.4c to 151.9c
- Darwin: unchanged at 173.0c
- Hobart: unchanged at 160.8c
