Fuel prices plunge in Mackay and Whitsundays
Unleaded fuel prices across regional Queensland have plunged by more than 40 cents per litre (cpl) in past six months, according to analysis released by RACQ.
RACQ spokesperson Renee Smith said the Whitsundays recorded a huge reduction, with average prices falling by 46.1cpl from 140cpl in November last year to 93.9cpl in May 2020.
“Unlike south east Queensland, regional Queensland doesn’t have a price cycle and prices stay relatively steady, so to see this amount of change over a short period of time is quite incredible for drivers,” Ms Smith said.
“In the past six months we’ve seen fuel prices across Queensland fall, due to the drop in the global oil price, which was caused by the collapse in demand after COVID-19 and the Russia/Saudi oil price war.
“Whitsundays motorists were one of the biggest winners in the State, which is great news for locals.
“The Whitsundays is traditionally a more competitive market, which is why motorists enjoyed even lower prices and an average below 100cpl last month.
“Mackay motorists also have reason to celebrate, with average prices dropping by 44.1cpl, from 148.5cpl in November last year to 104.3cpl in May 2020.”
Ms Smith said prices across regional Queensland had started to rise, as the global oil price had started to increase due to easing COVID-19 restrictions.
“We expect prices will steadily increase in coming weeks, and drivers should fill up while cheaper fuel is still available,” she said.
“While we can’t control the price of oil, we can control when and where we fill up. That’s why we urge drivers to make sure they use comparison services like RACQ’s Fair Fuel Finder to locate the best price near them.”