Cheap fuel a Christmas gift for south east Queensland

News
The State’s peak motoring body has revealed drivers were set to enjoy cheap fuel for Christmas with petrol prices in south east Queensland expected to hit the bottom of the price cycle in the coming days.
fuel man at pump

RACQ spokesperson Lucinda Ross said the average price in Brisbane had plummeted 12.6 cents per litre (cpl) in a week, and this trend was expected to continue in the lead up to Christmas.

“We’re currently in the discounting phase of the petrol price cycle so we’re seeing an increasing number of retailers drop their prices – but what’s really encouraging is we think it’s going to get even cheaper,” Ms Ross said.

“The unleaded price in Brisbane is sitting at around 130cpl, and we’re expecting it to drop another 10cpl by Christmas Day.

“If you can hold off filling up the tank for now, you’ll save, because there’ll soon be even better deals around.”

Diesel drivers had also recently benefited from cheaper prices at the pump, with the commodity dropping, on average, almost 22cpl since October.

“Diesel doesn’t operate on a price cycle, so any changes are generally only gradual and over time. The current average price in Brisbane is sitting around 144cpl and while it’s a lot cheaper than what it was a couple of months ago, there are still some retailers charging above what we believe is fair,” Ms Ross said.

“But as a gift for diesel drivers, we’re not expecting to see prices increase over Christmas.”

Ms Ross said regardless of whether drivers pumped petrol or diesel into their tanks, RACQ’s advice was the same.

“Before hitting the road, make sure you’re doing your research on where the cheapest prices are so you’re only ever supporting those servos doing the best by drivers,” she said.

“Christmas will come and go, but competition is the key to driving down those prices in the long run. Drivers can find the cheap sites by downloading the RACQ Fair Fuel Finder app.”

Related topics

  • 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.

    Insurance products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the PDS and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.

    Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.

    Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

    RACQ Operations Pty Ltd (ABN 80 009 663 414 AR 000234978) and Members Travel Group Pty Ltd (ABN 45 144 538 803 AR 000432492) are acting as an Authorised Representative of the issuer of the insurance, Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291 AFSL 246 548). Any advice set out above is general in nature only, and does not take into account your objectives, financial situation or needs. Before purchasing any travel products, please consider the RACQ Travel Insurance Product Disclosure Statement (PDS) and the Target Market Determinations (TMDs) that apply to these products. Whilst the PDS outlines the Terms and Conditions of these products, the TMDs outline the intended class of customers that comprise the target market for these travel products. This will allow you to consider which products best suit your objectives, financial situation and needs and consider the products appropriateness to your personal circumstances. TMDs also outline matters involving the distribution and the review of these products. The PDS, Supplementary PDS and TMDs for each travel product can be found here.