High fuel prices to return

Families on low and middle incomes face the prospect of financial pressure on two fronts with a rate rise looking likely next week and petrol prices tipped to rise again. While the average price of petrol in Australia was at a 16-week low of 124.9 cent last week, the price of oil on international markets is hitting record highs. Higher fuel prices would feed into inflation and increase the chances of further rate rises.

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