BATHURST has continued to be one of the most affordable locations to purchase petrol in NSW.
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Figures from the NRMA show that, for the week ending May 24, Bathurst had the third cheapest price for unleaded fuel out of the 58 locations monitored.
The average was 104.6 cents per litre, up one cent from the previous week, and only Orange (100.0 cents per litre) and Nowra (103.5 cents per litre) could do better.
Bathurst also had the second best price for diesel with an average of 113 cents per litre, beaten only by Lithgow (110.6 cents per litre).
Bathurst has continued to offer competitive prices in recent weeks, with a key factor in this being the introduction of a new independent retailer, which opened with a commitment to be the cheapest in the city.
While prices have gone up, there are still six retailers offering regular unleaded fuel for less than $1 per litre.
The best-priced retailer is the new independent, Pearl Energy, which is offering this variety for 95.5 cents per litre, one cent cheaper than the previous week.
This retailer also has the best price for diesel, 107.5 cents per litre, however there are four other retailers charging just 0.2 cents more.
These include the two Metros, the United and the Caltex near Stockland Drive.
Global factors suggest petrol prices will be rising, not falling in the coming weeks, meanings the days of petrol for under 90 cents are probably long gone.
The NRMA said that global prices are continuing to rise.
"The weekly average Singapore price of unleaded petrol, Mogas 95, which is the key petrol benchmark for Australia rose from $US 32.05 to $US 37.20 a barrel this past week, equal to a rise of 4.8 cpl in Australian dollars," it said.
Factors influencing the global price rises include increasing investor optimism as the world comes out of lockdown, leading to stronger fuel demand.
The OPEC+ oil nations are in the process of trimming supplies to the oil market, which is putting upward pressure on prices.
There has also been continued falls in US crude oil stockpiles and strengthening Chinese demand for fuel.
