SEQ regions smash petrol price records

Petrol price records have been smashed across Queensland’s south east, with new all-time record highs being felt now in Brisbane, Gold Coast and Ipswich.

The Gold Coast recorded the highest average price for unleaded ever seen in the Sunshine State, at 173 cents per litre, while Brisbane broke its record for the second time this week, as the average increased to by 1.3 cpl to 172.5cpl. A new record was also set in Ipswich at 168.5cpl.

Club spokesperson Lauren Ritchie said restrictions on global oil supplies and greedy retailers were responsible for the excessively high prices being felt on home soil.

“In recent days, we’ve seen OPEC restrict oil production with the intent to push up prices, and that’s resulted in an increase in wholesale prices in Singapore,” Ms Ritchie said.

“The volatility of the industry has meant it’s had an impact here locally, at the expensive of south east Queensland motorists.

“Some servos are also charging some incredibly high indicative retail margins, around 36cpl.”

Ms Ritchie said while a new record had not been observed on the Sunshine Coast, the average price of unleaded had increased to 157.1cpl.

“It’s climbed more than 11cpl in the last day alone, so they certainly aren’t out of the clear,” she said.

“It’s still sitting below its former record at 166.7cpl, but it’s unclear whether that could be broken in coming days as prices peaked.”

Ms Ritchie said with all south east regions in the expensive phase, the Club called on drivers to boycott petrol stations until prices started to fall again.

“If you absolutely must fill up, just consider topping up the tank rather than filling up from empty,” she said.

“It’s never been so important to use price comparison apps like the RACQ’s Fair Fuel Finder to find the servos offering the best deals, but sadly, there just aren’t many out there right now.”