Premium fuel users feel hip pocket pain
12 November 2018 RACQ has reminded Brisbane drivers to check they were not wasting money unnecessarily on premium petrol after new data revealed drivers using this fuel were slugged almost 15 cents per litre (cpl) more at the bowser than regular unleaded users.
The Club’s latest Monthly Fuel Price Report revealed Brisbane’s average premium 95 price reached an all-time record high of 174.1cpl in October, 7.5cpl higher than it was in September.
RACQ spokesperson Lucinda Ross said drivers who used premium fuel would have felt hip pocket pain, with a 14.8cpl difference between the regular unleaded and premium 95 averages.
“If your car requires premium unleaded, then that’s certainly what you need to use to ensure your engine runs as it’s designed to – but, if your vehicle doesn’t specifically need it, there’s no point in spending all that extra money,” Ms Ross said.
“If you’re not sure which fuel you should be using, check your owner’s manual – you could be forking out more than you need to.”
Ms Ross said all-time highs had been reached in October, and Brisbane drivers had been charged more for regular unleaded fuel than those in the other major capital cities which was why it was so important they were savvy about where they filled up.
“We’ve seen retailers enjoying indicative retail margins of more than 20cpl for premium fuel last month – that’s 5cpl higher than the month prior and is a reflection of the pain drivers are suffering at the hands of global oil prices and retailer greed,” she said.
“It’s important motorists look for simple ways to save money, and one way is to switch to regular unleaded petrol if your car doesn’t need premium. Also take the time to research when and where you should be filling up so you’re supporting the cheapest retailers are in your area – doing this could save you hundreds of dollars a year.”
Ms Ross said Brisbane was on the cusp of the cheap phase of the petrol price cycle and drivers who spotted RULP for 144cpl or less should fill the tank.
Read RACQ’s October Fuel Price Report here.