Australia: Sydney petrol price skyrockets

The price of petrol has skyrocketed to record highs overnight, with some Sydney service stations selling unleaded fuel for 173.9 cents a litre.

The high bowser prices this morning come as world oil prices, which had been falling steeply earlier this week, plateaued after reports of an Iranian missile test.

The price of 173.9 cents a litre – recorded at petrol stations on the lower north shore – is more than 15 cents higher than yesterday’s average bowser price in Sydney, which the NRMA recorded at 158 cents a litre.

Sydney Morning Herald