Bendigo motorists were given a rude awakening when they headed out on the road this morning with petrol prices skyrocketing above 160 cents per litre.
Prices had been creeping up the past few weeks before settling between 157.9 to 159.9 cents per litre.
However, some Bendigo outlets today were selling petrol for 164.9 cents per litre.
In the past week alone, the Australian average for unleaded petrol rose 8.8 cents per litre to a record of 169.5 cents.
RACV head of communications and engagement Andrew Scannell said while there had been a rise in petrol prices in Bendigo, it was still cheaper than in Melbourne.
He said the average price for unleaded in Melbourne is 171.7 cents per litre today.
Mr Scannell said RACV advised drivers to avoid purchasing their unleaded petrol for more than 164.4 cents per litre.
"Further price increases across Victoria are possible, however, it is difficult to predict at this stage as the Australian market is continually influenced by external factors," Mr Scannell said.
These factors include international benchmark prices, the value of the Australian dollar relative to the US dollar, levels of competition in different areas, wholesale prices and taxes.
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