Petrol prices set to remain high through Christmas period

The price of petrol is set to remain high throughout the holiday period, an adviser from CommSec has predicted.

Economist Savanth Sebastian points out that the weaker Australian dollar makes it more expensive to import fuel and gasoline price surges in Singapore have elevated costs even further for consumers.

While the price of petrol dropped by approximately two cents per litre in the week to December 15, he said, it is little consolation for Australian motorists, who saw increases of up to seven cents per litre the week before.

In the run-up to Christmas, he added, fuel prices could rise by a further one or two cents per litre and are likely to remain above $1.50 a litre until after New Year's Day.

Car fuel consumption is a crucial consideration for drivers at all times of the year, but with more people taking to the roads over the holiday season and many budgets stretched further than usual, it is especially important during the Christmas and New Year period.

Fortunately, there are many quick green driving tips that motorists can adopt to cut down on their fuel consumption and drive more efficiently.

A good place to start is to ensure that your vehicle is serviced regularly. Canadian figures from the Alberta Motor Association shows that poorly-maintained vehicles are approximately 15 per cent less efficient than ones that are properly looked after - and as with many things, prevention is much better than the cure.

You will also want to keep an eye on your tyre pressure - it is wise to check this about once a month - and ensure your brakes and spark plugs are in good working order so that your vehicle can perform to the best of its ability.



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