Motorists may not immediately see local petrol prices impacted by last weekend's drone strike in the Middle East, which severely damaged a major Saudi oil facility, NRMA says.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The motorists' advocacy organisation said in its weekly fuel prices report that any effect the attack on the Abqaiq plant would have on the cost of fuel in Australia was "not imminent", however rises by up to 27c/l could be in store in the coming months.
According to the latest figures for the week ending September 15, the average price of unleaded petrol increased by 13.3c/l in Newcastle (149.0c/l) and 20.4c/l on the Central Coast (151.8c/l).
This rise was in line with last week's Sydney price cycle movements, according to NRMA.
Average prices remained stable in the Hunter Valley, with Maitland recording a 0.4c/l drop (134.7c/l), Singleton experiencing a 0.4c/l increase to 139.6c/l and no change at Muswellbrook, which remained at 139.6c/l.
Maitland was the location with the fourth cheapest average unleaded petrol price in NSW for the week ending September 15, while the Central Coast was ranked fourth most expensive.
NRMA said impacts of the drone strike in Saudi Arabia, which reportedly affected an estimated five per cent of the world's daily oil supply, could mean a petrol price rise in the coming months.
It said oil experts were predicting the price of crude oil could jump to between US$80 and US$90 per barrel - such a change would mean Australian motorists would see a cost increase between 17c/l and 27c/l at the pump.
While you're with us, did you know Newcastle Herald offers breaking news alerts, daily email newsletters and more? Keep up to date with all the local news - sign up here.
IN NEWS TODAY:
- Hunter Water proposes increasing Lower Hunter water bills by $129 or 9.8 per cent over five years
- Police charge man with second robbery
- Kobe Duck has returned to school after rare disease, acute flaccid myelitis, left him paralysed and unable to breathe, eat or swallow
- Claims union pressure left student strikers to raise $600 for stage
- Man charged over armed hold-up and failed heist at Port Stephens
- Trinity Thompson found: The 15 year-old from Cooks Hill has been reunited with her family