Petrol prices soar in the south east

RACQ has warned drivers to fill up the tank or risk being gouged by fuel stations vying to make up for lost profits by returning prices to pre-COVID levels.
Person filling up car at petrol pump fuel

Club spokesperson Lauren Ritchie said as south east Queensland entered the expensive phase of the cycle, more than 430 sites across Brisbane and Gold Coast had jacked up the price of unleaded petrol (ULP) to more than 150 cents per litre (cpl).


“More than 65 percent of servos in Brisbane and 82 percent on the Gold Coast have hit 150cpl or higher - which is a far cry from the cheap monthly average of 98cpl we saw in the middle of last year at the height of coronavirus restrictions,” Ms Ritchie said.


“Fuel companies are clawing back lost profits and ripping off drivers with exceptionally high retail margins of around 40cpl.


“With current low oil and wholesale prices there is really no excuse for margins to be this high.”


Ms Ritchie said cheap fuel sites were disappearing quickly and urged drivers to do their homework.


“There are very few servos in Brisbane still selling unleaded for under 116cpl, and we know it won’t last long,” she said.


“Use the apps and websites available, like RACQ’s Fair Fuel Finder, to narrow down the best deal in your area. We fought long and hard for access to real-time data to help avoid getting ripped off during the hike, so it’s important we use it to save.”


The average price of unleaded was 131.4cpl in Brisbane, 146.9cpl on the Gold Coast, 119.5cpl in Ipswich and 115.9cpl on the Sunshine Coast. 

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The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.