Fuel prices soar above 170cpl in south east Queensland

RACQ has urged south east Queenslanders to delay filling up the tank with petrol, as fuel prices soared above 170 cents per litre (cpl).
Fuel pump nozzles
Club spokesperson Renee Smith said than 83 percent of sites in Brisbane and around 75 percent of retailers on the Gold Coast and in Ipswich were selling unleaded for 170cpl or greater.

“Greater Brisbane, Ipswich and the Gold Coast are now at the peak phase of the petrol price cycle, with very few servos charging less than 146cpl,” Ms Smith said.

“Now that we are out of lockdown many drivers will require fuel. But we urge motorists to avoid the bowser if they can unless they can find one of those last remaining cheap sites. If you’re desperate for fuel, only fill up the minimum amount to get you through until prices fall.

“The Sunshine Coast is a few days behind in the price cycle, which means at the moment the majority of servos are still charging below 146cpl for unleaded – so drivers should fill up now, before those prices rise.”

Ms Smith said this price hike was likely to fall below the record highs experienced in early July.

“We expect high fuel prices will peak this week, but there’s evidence some fuel companies have already started to quickly discount,” she said.

“Drivers should really be taking advantage of the apps available, like RACQ’s Fair Fuel Finder, to plan where and when they’ll fill up to get the best deals on offer.”

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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.