13 May 2019

Brisbane the most expensive major city to fill up

New figures from RACQ revealed River City motorists have again been slugged more for unleaded petrol than those in the other major capital cities.

The Club’s Monthly Fuel Price Report showed Brisbane’s April average of 147 cents per litre (cpl) was 8.5cpl higher than it was in March, and was 3cpl,1.7cpl, 0.8cpl, 0.7cpl dearer than in Perth, Adelaide, Sydney, and Melbourne respectively.

RACQ spokesperson Lucinda Ross said a combination of factors were to blame.

“Fuel companies increased margins by 4cpl last month, while oil prices recently reached record highs for 2019,” Ms Ross said.

“Low retail margins had been taking the edge off oil price increases so far this year, however we now have fuel companies upping their margins to the detriment of motorists.”

Ms Ross said adding to the pain Brisbane continued to suffer from a lack of competition amongst servos.

“It’s frustrating Brisbane drivers continue to cough up more than those in the other large capital cities. It was also even dearer here last month than it was in the smaller cities of Darwin and Canberra, where prices are generally less competitive,” she said.

Ms Ross said the good news for south east Queensland drivers was the market had reached the bottom of the cycle.

“Currently we’re in the cheap phase of the local petrol price cycle, so right across the region, motorists need to take advantage of lower prices now before they hike again,” she said.

“There are some bargains to be had, so make sure you’re using apps and websites, like RACQ’s Fair Fuel Finder, to find out where the cheapest prices are in your area.”

The Club’s April 2019 Fuel Price Report could be viewed on RACQ’s website.

SOURCE ; https://live.racq.com.au/2019/05/brisbane-the-most-expensive-major-city-to-fill-up/

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