After a gradual rise in recent months, fuel prices have steadied in Bendigo over the last week, hovering between an average of 149 cents per litre for unleaded (on October 4) and an average high of 152.9 cents per litre (on October 7).

There has been a slight increase over the last few days with prices moving from an average of 150.7 cents per litre for unleaded on October 8 to 151.6 cents per litre for unleaded on October 10.

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In Bendigo today most outlets are selling unleaded petrol between 147.4 and 152.4 cents per litre, including the Ampol on Carpenter Street and Caltex/Woolworths Golden Square respectively.

RACV head of communications and engagement Andrew Scannell said prices in Bendigo were still cheaper than other centres such as Echuca and Melbourne.

"In Echuca yesterday, (October 10) the average price was 154.1 cents per litre for unleaded and in Melbourne it was 151.8 cents per litre," Mr Scannell said.

The price of petrol has steadied somewhat after a spike last month saw fuel retail for almost $1.80 at a number of outlets in Melbourne.

Mr Scannell said the trend for fuel prices in the coming weeks would depend on a range of factors.

These include geographical area, availability, international benchmark prices, the value of the Australian dollar relative to the US dollar, levels of competition in different areas, wholesale prices and taxes.

Mr Scannell suggested consumers shop around for the best deal on fuel by using the Fuel Tracker on the RACV website, or in the arevo app.

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