Fuel prices at 3-month high

The national average petrol price is hovering at a three-month high of $1.26 a litre. (File photo) (Timothy Marshall)
Petrol prices have hit a three-month high in Australia as the price of oil exceeds $US92 a barrel.
Oil prices have increased around the world because of supply concerns and geopolitical tensions.
In Australia, the national average petrol price is hovering at a three-month high of $1.26 a litre.
Commsec Equities economist Martin Arnold says petrol may get even more expensive.
"We are seeing the price of petrol obviously on the rise and it's likely to rise by another five cents per litre, so edging up to $1.30 per litre in the coming week or so," he said.
"It's really in response to a sharp rise in global oil prices."
(ABC News Webpage)