Petrol price hike imminent

RACQ has warned motorists in south east Queensland petrol prices were about to peak to near record highs for unleaded.

Club spokesperson Lauren Ritchie said 26 percent of retailers in Greater Brisbane had hiked their prices, with most charging 173.9 cents per litre (cpl). 

“We are in the price hike phase of the cycle, so we can’t stress enough, you need to fill up the tank before the cheap fuel disappears,” Ms Ritchie said. 

“While there’s still plenty of fuel available, we can’t tell how long it will be before all fuel stations lift their prices. 

“We’re expecting the daily average price will peak in the high one dollar sixties, and we shouldn’t break the all-time record of 169.0cpl.”

Ms Ritchie said the majority of retailers in the south east were selling unleaded for 140cpl or less. 

“It’s so important that when you fill up, you’re not being charged any more than 140cpl, as that’s not the best deal in market,” she said. 

“Now we have the transparent fuel price reporting trial in Queensland, motorists have access to up to date information about who is charging what and where to avoid.

“Apps like RACQ’s Fair Fuel Finder  give the power back into the hands of drivers so they can make an informed decision about where they want to fill up, rather than just pulling into the closest servo.”