Fuel prices to fall in SEQ: RACQ

Unleaded petrol (ULP) prices in Brisbane could fall to its lowest point in 15 years due to the impact of coronavirus and a global oil price war.

RACQ spokesperson Renee Smith said in the next couple of weeks motorists could see prices drop to around 90 cents per litre (cpl) in Brisbane, Ipswich and on the Gold and Sunshine Coasts.

“At the moment there are still many factors at play. There is an ongoing price war and the international politics surrounding oil production is in unprecedented territory. How this will impact the market is still unknown but all indications are motorists will reap the benefits at the bowser,” Ms Smith said.

“At least fourteen sites in Greater Brisbane are already selling ULP for less than 100 cents per litre (cpl), most are in a cheap cluster in Brisbane’s inner north, but the average is still 113.7cpl overall.

“The Puma sites at Wilston, Kedron, Grange, Albion, Clayfield and Kalinga are the cheapest sites in Brisbane, selling for 99.7cpl and two sites at Arundel and one in Nerang on the Gold Coast are selling ULP for 98.9cpl which is the cheapest price in south east Queensland.

“It’s pleasing to see fuel companies are finally starting to pass savings at the bowser for motorists at a time it’s needed most. This is welcome news for those struggling to pay the bills.

“We know people are driving less due to coronavirus and the restrictions in place, but these prices will help families doing it tough who still need to travel for work and to access essential services.

“We’re still in the discounting phase and not all fuel companies have lowered their prices just yet and that’s why it’s never been more important to shop around.

“Support those retailers who are offering the best prices, if you do need to carry out essential travel now is a good time to fill the tank at the right price.”