SEQ fuel prices peak at record high: RACQ

Media Release  News Grabs

It was the third time in a matter of months Brisbane records had been smashed, as the average price peaked at 178.8 cents per litre (cpl) this week. Record average prices also peaked on the Sunshine Coast at 176.8cpl and in Ipswich at 174.8cpl.

On the Gold Coast a record had been observed, however prices could still creep higher in coming days.

RACQ spokesperson Renee Smith said almost 80 percent of service stations were charging drivers 180cpl or more for unleaded across Brisbane.

“A number of factors are at play leading to unprecedented prices. International supply and demand issues have driven up oil prices, this has led to high terminal gate prices and we are also in the expensive phase of the price cycle,” Ms Smith said.

“Now is the worst possible time to be filling up the tank. If you must buy fuel, only get the bare minimum until prices begin to fall in coming weeks.”

Ms Smith said much of regional Queensland, where prices were not impacted by a price cycle, had also experienced jumps of between 2cpl and 6cpl.

“Prices are on the rise in most regional parts of the State, however some areas are being hit harder than others. Averages for unleaded in Cairns and Townsville have reached 163.2cpl and 161.6cpl – the highest in three years,” she said.

“No matter where in Queensland you live, make sure you use apps like RACQ’s Fair Fuel Finder to track down the service stations near you with the best deals.”

New record daily averages for unleaded petrol: