Motorists would need to pinch their last cent as yet another fuel price hike has come into effect.

The Department of Energy announced that petrol will increase by as much as 29 cents a litre, and diesel 42 cents a litre. LP Gas also saw a hike of 63 cents per kilogram.

This increase comes as electricity and utility rates also increased at the start of the month. Amid winter, the fuel price hike is set to also have a knock-on effect on the price of food.

[Picture: Neil McCartney]