Brisbane fuel hits record high price: RACQ

River City fuel prices have hit an all-time record high, with motorists being charged on average a whopping 171.2 cents per litre (cpl) for unleaded petrol.

Media Release
RACQ confirmed 86 percent of retailers had hiked their prices to above 171cpl, breaking the previous record high of 169cpl seen in October 2018. 

Club spokesperson Lauren Ritchie said restrictions on global oil supplies and greedy retailers were responsible for the excessively high prices in Brisbane. 

“We’ve seen OPEC further restrict oil production with the intent to push up prices, which has resulted in an increase in wholesale prices in Singapore which has flowed on to prices locally,” Ms Ritchie said.  

“Petrol stations are also charging very high indicative retail margins above 34.6cpl.”

Ms Ritchie said while prices had hit a record in Brisbane only, it was possible the rest of the south east could follow. 

“The Gold Coast and Ipswich markets are also in the expensive phase of the cycle and we could see those cities hit record highs as well in the coming days,” she said. 

Ms Ritchie strongly urged drivers to boycott petrol stations until prices started to fall again. 

“No one should willingly be forking out for these sorts of prices so our message is strong, do not fill up the tank if you can,” she said.  

“If you must fill up, just buy enough to meet your immediate needs and make sure you’re shopping at the cheapest servo.

“It’s never been so important to use price comparison apps like the RACQ’s Fair Fuel Finder to find the servos offering the best deals.”