As if Melbourne drivers don't already have it tough enough already with endless road works, hefty toll charges and ever growing peak "hours", they'll now also have to cough up another 50c per hour to park on CBD streets.

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Currently it costs $3.50 an hour for on-street parking in Melbourne, but this price will rise to $4.00 per hour under the new scheme. This means an extra $20.00 per week outlay for inner-city workers who chose to park on the street.

Melbourne City Council pocketed more than $73 million from its parking meters, infringement notices and permits last financial year with that figure set to rise again this year.