Mackay and Rockhampton: record high fuel prices
The average price of unleaded hit 163.9 cents per litre (cpl) in Mackay and 165.8cpl in Rockhampton, breaking the previous records set in October 2018.
RACQ spokesperson Kate Leonard-Jones said a number of global factors had led to the unprecedented prices.
“As COVID-19 restrictions ease around the world, international supply and demand issues with the OPEC cartel restricting oil production have driven up oil prices,” Ms Leonard-Jones said.
“This has led to high terminal gate prices and flowed on to what drivers are being charged at the bowser.
“These record high prices will come as a shock to motorists in Mackay and Rockhampton, who were paying around 50cpl less this time last year.”
Ms Leonard-Jones said while other regional Queensland centres had also seen record high fuel prices recently, drivers were not facing prices quite as high as those in the south east.
“We’ve seen some service stations in Brisbane charging up to 193cpl this week – that’s the highest price we’ve ever seen for unleaded fuel,” she said.
“While prices in Mackay and Rockhampton could creep slightly higher, they should begin to stabilise over the coming week. Unfortunately for drivers, we’re unlikely to see prices fall by any substantial amount in the lead up to the Christmas period.
“Regardless of where you live or where you’re travelling to, it’s more important than ever to use apps like RACQ’s Fair Fuel Finder to track down the best deals near you to avoid paying more than you should at the bowser.”
|
Location |
New record price |
Previous record price |
|
Mackay |
163.9cpl (12-14 November 2021) |
163.8cpl (15 October 2018) |
|
Rockhampton |
165.8cpl (12-15 November 2021) |
165.7cpl (28 October 2018) |
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.