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The Victorian Premier is rejecting calls for his government to offer free public transport for at least a month to combat the exceptionally high petrol prices at the moment.

The push for free public transport to help ease the cost of living for Victorians comes as the Tasmanian Government has announced it will offer free bus journeys for five weeks in response to rising petrol prices.

The New Zealand Government has also moved to halve public transport fares for the next three months in response to the global hike in petrol prices caused by Russia invading Ukraine.

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The price of petrol has risen above $2.20 at some outlets and prices are expected to keep increasing.

Victorian Greens MP Sam Hibbins is leading the call for free public transport in Victoria.

"With petrol prices now soaring and the cost of living rising for so many Victorians, now is the time for the government to support the shift away from expensive, polluting, petrol vehicles," he said outside parliament today.

"They can do that by immediately making public transport free for the next month."

Mr Hibbins has estimated the move would cost the government about $75 million and and would make a significant impact on reducing the cost of living for Victorians.

"But it could be significantly cheaper than that," he said.

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Speaking on behalf of the Opposition, David Southwick MP agreed the move would "be a great way to re-energise the city".

However, Premier Daniel Andrews has not favoured the idea.

When asked about it today he instead pointed to the fact the Prime Minister is expected to cut the 44 cent per litre tax on petrol in the Federal Budget, which is set to be handed down on Tuesday.

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