In April, some fuel outlets in Wagga began dropping their regular unleaded prices below the dollar mark amid a 20-year low in global oil prices, which was caused by a loss of demand through the coronavirus outbreak.

While it appeared likely the low prices would remain as the crisis continued, the city - and state - is beginning to see price increases again.

Last week, an average increase of 2.7 cents per litre for regular unleaded was recorded across regional NSW.

Since the beginning of June, the average fuel price across the state has increased by 12.5 cents from just under 110 cents per litre to 121.7 yesterday.

Wagga saw its lowest average weekly unleaded price in early May when it dipped to 107.1 cents per litre, but it has since begun to slowly climb to 113.5 last week.

Despite the slight increase the price is still significantly lower than it was in January, when the average price for unleaded in the city peaked at 147.9 cents per litre.

Yesterday, the cheapest unleaded fuel in Wagga was priced at 110.9 cents per litre at the Westside Petroleum servo in Mount Austin.

The NRMA's latest weekly fuel price report noted a global upwards trend in fuel prices had continued, with the average crude oil price rising by 1.8 cents per litre.

The report said coronavirus-related demand amid concerns about a possible second wave of COVID-19 globally was one of the key factors influencing fuel prices. Higher crude inventories in the US was also cited as an influencing factor, along with the extension of an agreement between the Organization of the Petroleum Exporting Countries to cut oil production amid lower demand.

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