Bundaberg claims cheap fuel title

Wide Bay motorists have reason to celebrate with Bundaberg named as the cheapest centre in regional Queensland to fill up with unleaded petrol (ULP) in last month.

According to RACQ’s Monthly Fuel Price Report, Bundaberg drivers paid on average 102.2 cents per litre (cpl) during April, while Maryborough came in third cheapest at 103.8cpl.

RACQ spokesperson Renee Smith said record low oil prices in April due to COVID-19 and a price war between Saudi Arabia and Russia, had resulted in cheaper prices at the bowser.

“Bundaberg not only had the cheapest ULP but drivers also enjoyed lower indicative retail margins than the rest of regional Queensland and Brisbane. So, it’s pleasing to see fuel companies in Bundaberg and Maryborough passing on savings to drivers,” Ms Smith said. 

“While we’re not expecting an imminent price rise, oil prices are likely to increase in the coming weeks as COVID-19 restrictions are eased. 

“Any increase will take up to six weeks to flow through to regional Queensland prices, so drivers should make the most of the cheap fuel and fill the tank now.”

Ms Smith said regardless of where motorists lived, they should still shop around for the best deal and reward the retailers offering the lowest prices.

“Global factors are out of our control, but we can all choose where we spend our money. So, before you jump in the car make sure you check out a fuel price comparison service, like RACQ’s Fair Fuel Finder, to find the best price in near you,” she said.

“The latest average price for unleaded in Bundaberg was 94.5cpl.” 

The Club’s April 2020 Fuel Price Report could be viewed on RACQ’s website.