Cheapest petrol in Perth revealed as fuel prices skyrocket amid Iran war

Perth drivers are being slugged with rising fuel costs, with diesel prices soaring as high as 238.9¢ despite the city’s “cheap Tuesdays” phenomenon.

FuelWatch recorded an average of 226.2¢ on Tuesday — a staggering 24 per cent jump from its average of 182.6¢ last Tuesday.

BP Beeliar truck-stop recorded the highest diesel prices in the Perth metropolitan area, charging motorists an eye-watering 238.9¢.

That was followed by 237.9¢ at Caltex Maddington truck-stop, 236.9¢ at Caltex Bedfordale and 235.9¢ at OTR Roleystone.

The cheapest diesel was found at Liberty Landsdale (199.5¢), followed by Burk Oakford (205.3¢) and Liberty Banksia Grove, East Rockingham, Naval Base, Tapping and Gosnells (205.5¢).

Ampol has hiked its prices up to 251.9¢, followed by EG Ampol (244.9¢), Caltex (243.9¢), BP (239.9¢), Reddy Express (235.9¢), Vibe (233.7¢) and United (231.9¢), according to FuelWatch.

Unleaded petrol also jumped to an average of 193.9¢ — a 21 per cent increase from its average of 159.3¢ last Tuesday.

Caltex High Wycombe OPT had the highest prices in Perth, charging motorists a costly 219.9¢.

That was followed by 209.9¢ at NightOwl Shell Redcliffe, Highgate, Maddington and Bellevue, 209.5¢ at Glen Forrest Fuel and 207.9¢ at Metro Wanneroo, Wangara and Midvale.

Costco Casuarina and Costco Perth Airport had the cheapest prices at 172.7¢.

It comes amid rising escalations in the Middle East, leading to supply chain disruptions through various oil transit points including the Straight of Hormuz.

Global oil prices saw a dramatic reversal overnight, plunging from a peak of $US120 to $US90 per barrel as market volatility continues.

Speaking alongside the Prime Minister on Tuesday, Energy Minister Chris Bowen said he, with Minister for Agriculture Julie Collins and Industry Minister Tim Ayres, would be meeting with peak bodies representing affected industries.

“The key message is that while they are challenges … the preparations the government have put in place for the minimum stock obligation are working,” he told reporters.

“If it is necessary to access those minimum supplies we will … our stocks are as high as they were before this crisis began.”

He urged motorists not to panic buy amid fears of fuel shortages across the nation.

“We have enough diesel in Australia for our needs for the foreseeable future, and there is absolutely no need for panic,” he said.