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Sydney Petrol Prices Set To Drop Before Christmas Hike

Time to fuel up!

Sydney Petrol Prices Set To Drop Before Christmas Hike

Petrol prices will rise across Australia in the lead up to Christmas but Sydney motorists will save a bit at the bowser in the next couple of weeks.

NRMA spokesman Peter Khoury said even though global prices were on the rise, the price in Sydney would temporarily decline.

"The oil industry is so volatile that we're flat out determining what the prices will be in eight days' time, let alone eight weeks' time," he told reporters in Sydney on Monday.

"We do know that prices will go down and that they will continue to go down over the next few days."

Internationally prices are on the rise with the Organisation of the Petroleum Exporting Countries' cartel cutting production levels over the past year.

The Brent Crude benchmark climbed to a two-year high on Sunday reaching $US62.07 ($81.10).

Mr Khoury said drivers in NSW shouldn't worry about the rise leading into Christmas, just yet.

"If you are a family planning your Christmas holiday don't fret yet, because there is a long way to go before now and Christmas and we just know that it such a volatile industry - anything can happen."

He said prices in NSW varied from $1.18 per litre to $1.41 and urged customers to shop around.

 

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