Fuel price pain: Sunshine Coast smashes record

The Sunshine Coast has hit an all-time record high fuel price in Queensland, with local motorists stung on average a whopping 173.2 cents per litre (cpl) for unleaded petrol.

The region smashed its previous record of by 6.5cpl on Sunday, and followed a series of new petrol price records set across the south east last week in Brisbane, the Gold Coast and Ipswich.

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

“We’ve seen OPEC restrict oil production with the aim to drive up prices, and that’s resulted in an increase in wholesale prices in Singapore, which has flowed on to here,” Ms Ritchie said.

“On top of this, we’re seeing fuel companies charging some incredibly high indicative retail margins.”

Ms Ritchie said with all regions in south east Queensland in the expensive phase of the price cycle, drivers should boycott petrol stations until prices started to fall again.

“Motorists need to show they won’t stand for these prices and keep driving past servos until they come back down,” she said.

“If you absolutely must fill up, just put in enough to meet your immediate needs and only buy from those offering the lowest price.

“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.”

The latest average price for unleaded in Brisbane was 167.6cpl, Gold Coast was 168.4cpl and Ipswich was 162.6cpl.