Brisbane is the most expensive capital to fill the tank

RACQ has called out greedy fuel companies, after Brisbane claimed the unenviable title of most expensive capital city to fill the tank in October.

RACQ’s Monthly Fuel Price Report found Brisbane’s unleaded petrol (ULP) average was 125.4 cents per litre (cpl) last month – with Adelaide 13.4cpl cheaper than Brisbane. Darwin, Perth, Canberra, Melbourne, Hobart and Sydney were all by between 8.1cpl and 1.9cpl cheaper than Brisbane.

Club spokesperson Lauren Ritchie said despite oil prices being down slightly on September figures, drivers had been slugged with higher indicative retail margins.

“It’s disappointing for Brisbane drivers that fuel companies haven’t been passing on these savings at the bowser and instead bolstered their own margins,” Ms Ritchie said.

“While margins didn’t quite reach the record high we experienced in August this year, 20.1cpl is still too high.

“It’s difficult to predict where oil prices will go from here, we’re seeing strong demand in the United States, which is pushing oil prices back up, however with another wave of COVID-19 leading to new lockdowns in the United Kingdom, France and Germany, there may be another substantial fall in demand for oil.

“If the price of oil does collapse again, we strongly urge retailers to do the right thing and drop prices so motorists in Queensland can benefit.”

Ms Ritchie said south east Queensland was currently in the cheap phase of the price cycle, with the latest average for Brisbane at 107.9cpl.

“Drivers should take advantage of the good deals and fill the tank now, as these prices won’t last,” she said.

“No matter where you live, remember to use price comparison apps like the RACQ’s Fair Fuel Finder to find the servos offering the best deals in your area. 

“By only filling up at the servos offering the lowest price you send a message to the others that they need to compete for your business.”