Petrol prices hit their peak as long weekend draws nearer

Motorists are being warned that petrol prices have hit their peak across Australia’s capital cities as the long weekend inches closer.

Sydney’s petrol prices have jumped over 30 cents per litre in the last two weeks, peaking at 197.6 for unleaded.

The average price for unleaded is now 197.6 cents per litre, while the average for diesel is 181.5 cents per litre.

Petrol prices hit hip pockets of South Australians — Motorists are being warned that Petrol prices have hit their peak across Australia’s Capital cities as the long weekend inches closer. (9News)

Petrol prices in Melbourne and Brisbane have also seen a significant increase, sitting at 202.2 and 203.6 respectively.

The increases come ahead of the June long weekend, prompting a warning from the NRMA for motorists to keep an eye out for cheaper options.

“Cost of living pressures are challenge number one in Australia today and we don’t want Australians being unnecessarily over-charged for fuel, which is why we want oil companies to begin dropping their prices.”

Prices are expected to drop very slowly, at about one cent or less per week.

There is a 44 cent per litre gap between Sydney’s cheapest and most expensive petrol stations for unleaded.

The gap for diesel is sitting at 34 cents per litre.

Motorists are being warned that Petrol prices have hit their peak across Australia’s Capital cities as the long weekend inches closer. (Nine)

The increase in fuel prices has negatively impacted 92 per cent of businesses, according to a recent survey by the NRMA.

Nearly 50 per cent of businesses saw their weekly fuel bill increase by $100-$500, while 13 per cent saw increases up to $1000, the survey also found.

Average prices for regular unleaded across Australia in cents per litre (cpl):