Petrol prices skyrocket in Toowoomba

The average price of unleaded petrol in Toowoomba has increased a whopping 14.4 cents per litre (cpl) overnight, prompting a call from RACQ for local drivers to be wary of where they fill up.

The current average price of unleaded in the region was 151.5cpl on Wednesday – the highest average price observed since November 2018 – with high prices continuing on Thursday.

Club spokesperson Renee Smith said the Club believed low indicative retail margins may have been the driving force behind the hike.

“While we do see this happen from time to time when retail margins fall close to zero, it’s incredibly disappointing drivers are the ones who have to wear the cost through these higher prices at the pump,” Ms Smith said.

“Rather than making small increases to their prices, retailers often choose to make a single larger price increase where we see them jump significantly, as they’ve done. 

“Toowoomba has been known to be one of the cheaper regions in the south east corner, but today it’s not living up to that name.”

Ms Smith said the price hike served as a stark reminder for all Queensland drivers to shop around.

“Wherever you are and whatever you put in your tank, we all need to be using the price comparison apps and websites available to us to find the cheapest retailers and fill up accordingly,” she said.

“If you’re a Toowoomba local and regularly on the road, you’ll likely find better deals in your travels. 

“We know there’s some cheap pockets around Gatton, Withcott and Grantham, selling fuel for a bargain 144cpl or less.”

RACQ’s Fair Fuel Finder app was available for download on Apple and Android devices.