MOTORISTS with LPG-powered cars have been advised to fill up before pump prices spike above 80 cents a litre.
Nanjing Night Net

Last week most Warrnambool petrol station LPG prices jumped from about 65 cents a litre to 75, while yesterday prices ranged from 67.5 cents a litre at APCO to 86.9 at Mobil.

RACV vehicle engineering manager Michael Case said many motorists had already been caught unaware, with some service stations increasing LPG prices by more than 12 cents.

Mr Case said the LPG price hike was significantly higher than expected, with the benchmark price for March increasing by seven cents a litre.

“This comes off the back of a price rise in LPG in February, which resulted in much higher than normal margins,” Mr Case said. “What we are experiencing is a price rise over the past two months that is equal to a jump of up to 24 cents a litre and it is really hitting LPG motorists hard.”

He said the international commodity price for LPG had reached a historic high, increasing by 48 per cent in the last five months.

APCO director Peter Anderson said LPG prices had risen by more than 20 cents this year.

“Warrnambool is cheaper than Geelong at the moment, but we will all reach that 80 cent mark, or come very close,” Mr Anderson said.

“How long we can hold out depends on the market.

“I think the others will move past the 80 cent mark soon because there’s so much pressure.

“You’ve got to pass these retail increases on; it’s no different to anything else.”

He said APCO’s 8.83 cent March increase for LPG was paired with constant increases for unleaded.

“There has been significant increases in petrol as well.

“Every day there are increases. It’s only going one way and that’s up.”

Ongoing tensions in the Middle East and the demand for energy in Asia have continued to push prices for all energy commodities higher, according to Mr Case.

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