Petrol prices tip over $2

A Bayswater petrol station was spotted at a massive $2.05 a litre. Picture: SUPPLIED.

A Bayswater North petrol station has tipped over $2 a litre as expected price rises hit the region.

Currently, the average price of petrol in Australia is $1.79, however, the station was spotted at $2.05 a litre on Thursday 24 February.

Global crude oil prices have reached their highest levels since 2014 following the uncertainty over a Russian invasion of Ukraine, which is set to drive petrol prices up around Australia.

Russia is the second-largest exporter of crude oil and refined petrol, as well as the largest exporter of natural gases.

The average price of Australian petrol was $1.70 when the price of oil was $90 USD a barrel. With a 13 per cent increase per barrel expected, which would see petrol rise over $2 a litre