Brisbane fuel prices on the improve
RACQ has welcomed news drivers in Brisbane and Australia’s four other largest capitals cities paid less for fuel in the last quarter compared to the same period in 2018.
The Australian Competition and Consumer Commission quarterly fuel report found average petrol prices in Brisbane, Sydney, Melbourne, Adelaide and Perth fell, on average, to 142.1 cents per litre (cpl) in September, with the variance in prices being just 2cpl compared to 3.6cpl last year.
Club spokesperson Renee Smith said while Brisbane usually had the highest average price of all the major capitals, last quarter it was second cheapest to Adelaide for the fourth time in 10 years.
“The drop in the average price of unleaded petrol (ULP) for the September quarter is great news for motorists,” Ms Smith said.
“We believe the relative decrease in the price of ULP has been positively influenced by the State Government’s Mandatory Fuel Price Reporting Scheme.”
Ms Smith said the Club believed the scheme had helped drive retailer competition, while providing motorists with the ability to make informed decisions about where they filled up.
“Thanks to the trial, drivers are getting good deals more often. We’re seeing longer cheap periods, but with a shorter expensive and discounting phase,” she said.
“It’s important everyone takes some time out before they fill up to use the apps and websites available to them to find the best prices and reward those retailers offering them with your business.”