Overview

• NRMA analysis shows Sydney, Brisbane, and Melbourne have some of the highest petrol prices in Australia, despite being the largest markets where competition should drive prices down.
• Prolonged price cycles in these cities, lasting up to six to eight weeks, contrast with Perth's seven-day cycle, leading to significant annual cost disparities for families.
• Perth remains the cheapest capital city for petrol in 2024, while Canberra tops the list as the most expensive, followed closely by Brisbane, Sydney, and Melbourne.
• The NRMA and Queensland's transport minister are urging the federal government to initiate an ACCC inquiry into fuel price cycles, citing their impact on household budgets and inflation.
• The Albanese government has introduced pollution caps on new car sales starting January 1, aiming to promote fuel efficiency and reduce annual fuel costs for drivers by up to $1,000.