Win for Ipswich: 2017’s second cheapest fuel prices
23 January 2018 Ipswich motorists had a reason to celebrate with the State’s peak motoring body declaring the city home to some of Queensland’s cheapest fuel in 2017.
RACQ’s Annual Fuel Price Report revealed Ipswich’s unleaded (ULP) average of 126.8 cents per litre (cpl) last year was the second cheapest across the State.
RACQ spokesperson Renee Smith said local motorists would likely be surprised by the news.
“While the Ipswich average was cheap compared to the rest of Queensland, motorists forked out more for fuel in 2017 than in previous years,” Ms Smith said.
“The 2017 average was a whopping 9.9cpl higher than in 2016. That’s because we saw an increase in the global oil price, which impacted prices right across Queensland.”
Ms Smith said retail margins charged by the city’s service stations were fairer than other nearby locations.
“The indicative retail margin in Ipswich was 8.7cpl last year, which was 3.5cpl lower than Brisbane,” she said
“Ipswich motorists need to ensure they don’t become complacent though. Prices are currently high across the south east and motorists should continue to shop around, only filling up at servos selling fuel at a fair price.”
Ms Smith said the current Ipswich ULP average was 148.6cpl, with prices in the most expensive phase of the price cycle.