Report proves shopping around for fuel saves

The State’s peak motoring body said an Australian Competition and Consumer Commission (ACCC) report released today, confirmed the importance of shopping around in order for motorists to save when filling up the tank.

The report named Coles Express as the most expensive retailer on average in Brisbane and across the other major capital cities, while Woolworths and the independents were shown as generally the cheapest.

RACQ spokesperson Renee Smith said the findings confirmed observations made by the Queensland motoring club in recent years.

‘‘This report is proof fuel prices vary from retailer to retailer, with Coles the dearest. Savvy drivers can save if they boycott these expensive servos,’ Ms Smith said.

“Motorists should never assume that all service stations are charging the same, because they’re not.

“Today in Brisbane for example, there is a difference of more than 15 cents per litre (cpl) between the cheapest and the dearest servos.”

The report collated average retail petrol prices throughout 2017 and identified the highest and lowest priced major retailers in Sydney, Melbourne, Brisbane, Adelaide and Perth.

In Brisbane the difference in prices on average across retailers was 6.4cpl.

ACCC Chairman Rod Sims said independent chains were consistently selling fuel at the cheapest prices.

“Independents were the lowest priced in each of the five major cities and Woolworths was generally below the market average price in most cities. Average prices at Coles Express were the highest in all five cities, and average prices at retail sites where BP and Caltex head office sets the retail price were generally above the market average price,’ Mr Sims said.

Ms Smith reminded drivers to seek out the independent retailers in order to save.

“This report backs up our advice to drivers, to shop at those independents like Puma and United who regularly sell cheaper fuel,” she said.

Ms Smith said shopping around not only saved money but would drive down prices in the long run.

“Punishing servos which are ripping us off will increase pressure on them to remain competitive. Retailers who charge the most will have to lower their prices or risk losing business,” Ms Smith said.

Ms Smith said RACQ welcomed the Queensland Government’s promise to implement mandatory real time fuel price data reporting, which would force retailers to publish their prices online.

“With real time fuel monitoring drivers will be able to name and shame those servos which are charging through the roof,” she said.

“A two-year trial of the program has been announced by the Government, and we are eager to see it up and running fast, so motorists have the power to shop smart at their fingertips.”