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Fill Up NOW – LPG Could Hit Record High of $1 Litre
Posted on December 3, 2013
The days of wallet-soothing LPG could be over now that we’ve found out average LPG prices could jump around 18 cents per litre to a record high of around 97 cents per litre in Sydney.
Drivers of LPG vehicles are being encouraged to fill up … NOW!
This warning comes ahead of the global December LPG contract price being released today that has shown an increase of 18 cents per litre. LPG drivers can feel this price hike as early as next week.
NRMA Motoring & Services is urging local oil companies to refrain from forcing prices up, especially in the lead-up to Christmas.
Spokesperson Peter Khoury said LPG prices had never jumped as high from month to month, while the December contract price was the highest ever recorded, sky rocketing by seven cents per litre.
“Christmas is the busiest time of the year for taxis and this price spike could hit them hard. The NRMA’s own patrol van fleet relies heavily on LPG as well,” Mr Khoury said.
The highest price for LPG ever was 90 cents per litre back in March 2012.
Help your fellow LPG drivers by tweeting the price of cheap LPG and where you filled up to @NRMA #NRMAadvocacy – we’ll share this to help drivers save at the pump.
In the lead-up to Christmas, what impacts could potential the price hike have on you?
FACTS
LPG contract prices are set at a global level and the contract price is set for the month.
Each country’s LPG industry has the option of setting its own wholesale price that could be higher or lower than the global contract price.
Petrol companies buy their LPG at the locally set wholesale price and then set a price at the pump for consumers. |
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