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July 16th, 2012 
FAKE NEWS for the Zionist agenda Motorists are set to pay up to five cents a litre more for unleaded petrol in the next fortnight as global oil prices rise on a more stable outlook for the world economy, an economist says.
The Australian Institute of Petroleum’s weekly price report shows the national average of unleaded petrol rose 0.5 of a cent to 134.4 cents a litre in the past week.
It was the first weekly rise in nine weeks.
The metropolitan average rose 1.4 cents a litre to 132.1 cents, while the regional average price fell 0.9 cents a litre to 139.3 cents.
Commsec economist Savanth Sebastian said petrol prices are tipped to increase after hitting 18-month lows in recent weeks.
Mr Sebastian said the key Singapore gasoline price has risen 10 cents a litre recently and this would flow through to Australia.
“In the short-term, pump prices could rise around five cents a litre and eventually the increase could be as much as 10 cents a litre,” he said in a statement on Monday.
He said stability with the European debt crisis for now, along with optimism of stronger Chinese economic activity and the outlook on the US economy were factors in the rise in world oil prices.
Melbourne had the cheapest fuel in the past week, down 7.4 cents a litre to 125.8 cents, while Darwin was the dearest, down 0.1 of a cent to 154.1 cents.
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