Petrol prices set to rise yet again

Mozo

Tuesday 16 October 2012

The stubbornly high cost of motoring is showing no signs of easing, with industry experts predicting yet another petrol price hike over the next two weeks.

According to the Australian Institute of Petroleum, the average national price for unleaded fuel went up to 146.5 cents a litre last week, the Australian Associated Press reports.

CommSec economist Savanth Sebastian said that rates at the pumps are at their highest for five months and worse is still to come.

"The terminal gate (wholesale price) has risen by a further two cents over the past week and it is likely that fuel prices will track highly over the coming fortnight," he was quoted as saying.

Many Aussies are struggling to cope with the overall cost of vehicle ownership, but there are ways to reduce your expenditure.

One good method is to compare car insurance quotes online, as some companies may offer the same level of cover that you currently receive but for a fraction of the price.

The trick is to never settle for the first policy that you come across – there will most probably be cheaper ones out there.

Have a question about car insurance? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801469839-ADNFCR

Petrol prices set to rise yet again
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