Fuel up to beat first price hike of 2020
In the wake of airstrikes in Iraq on Wednesday, RACQ has put local petrol companies on notice not to take advantage of the situation and hike prices unnecessarily high.
Club spokesperson Lauren Ritchie said the current hike was not linked to tensions in the Middle East and was instead following the pattern of the south east’s price cycle.
“As it stands, fuel companies have upped their prices on ULP to 175 cents per litre or higher, at more than 80 sites in Brisbane,” Ms Ritchie said.
“Prices started increasing before the assassination of General Soleimani and it’s not due to assassination. It’s just a coincidence these two events happened at the same time.
“If the conflict continues to escalate and there are substantial supply disruptions, this may lead to a higher retail price in Queensland, however there’s no evidence of supply disruptions at this time.”
Ms Ritchie said despite the hike, cheap deals were still widely available across the River City with around 64 percent of retailers selling ULP for 136cpl or less.
“Our advice is to buy now and buy without delay as the more affordable deals won’t hang around for long,” Ms Ritchie said.
“Wherever you are in Queensland and whatever you put in your tank, make sure you’re getting the best deals by using price comparison services like the RACQ Fair Fuel Finder App, it could save you several dollars at the bowser."