Petrol prices are rising again and diesel wholesale prices have hit new record highs as the government warns the US ceasefire with Iran will not make fuel cheaper.<\/p>\n
The average unleaded prices at service stations rose in some cities on Wednesday for the first time since late March, as fuel tankers hiked their charges.<\/p>\n
Oil prices fell as traders bet the reopening of the strait of Hormuz would help fuel supply resume but the energy minister, Chris Bowen, told reporters Australians should \u201cnot get ahead of ourselves\u201d.<\/p>\n
\u201cPeople shouldn\u2019t take today\u2019s progress and expect prices to fall,\u201d Bowen said. \u201cWe welcome progress, but I don\u2019t think we can say the [strait of Hormuz is] now open.\u201d<\/p>\n
Sign up for the Breaking News Australia email<\/a><\/p>\n Bowen said the governments\u2019 temporary 32-cent a litre cut to fuel tax would stay in place until July even if petrol prices fall before then, leaving the door open to extending it further.<\/p>\n \u201cWe will assess the situation closer to the end of that three months \u2026 we hope things improve by then,\u201d he said. \u201cFuel prices will come down when this war ends.\u201d<\/p>\n Unleaded prices rose to 227 cents a litre in Perth, 225.7 cents in Hobart and 223.9 in Canberra on Wednesday, according to MotorMouth. Diesel prices have surged to average about 319 cents a litre around the country.<\/p>\n Costs at the service station have followed crude oil prices pushing up the costs charged by fuel tankers. Diesel wholesale prices on Wednesday morning leapt 20 cents to a new record of 320 cents a litre, Australian Institute of Petroleum data showed.<\/p>\n Unleaded wholesale prices jumped 4 cents a litre higher on Wednesday, AIP data showed. They had fallen 40 cents a litre for unleaded petrol in late March, helped by the excise cut, while diesel had fallen 12 cents a litre.<\/p>\n