RACQ’s monthly fuel price report showed, with an average unleaded petrol price of 132.5 cents per litre (cpl), Cairns was the second cheapest centre in regional Queensland in March. The far north city was only beaten by Bundaberg, the cheapest location, by 0.1cpl.
RACQ spokesperson Lucinda Ross said it was a huge relief for Cairns drivers who had been punished by high bowser prices for years.
“This is great news and something drivers been waiting for. We haven’t seen a monthly average this low in Cairns for 14 months,” Ms Ross said.
“Last year, we saw an Australian Competition and Consumer Commission investigation into the high price of fuel in Cairns and it showed there was a lack of competition in the city.
“Thankfully, since then, we’ve had four new service stations enter the market and they’ve been playing a very competitive game, selling fuel at a lower price. This, combined with the fact Cairns drivers are savvier at the bowser and are filling up for the lower price, has helped bring the average down.”
Cairns service stations also charged the lowest indicative retail margins since RACQ started monitoring in 2012.
Ms Ross said despite the good news, RACQ would continue to push the State Government to force service stations to provide real-time petrol price data so drivers had greater transparency of prices at all Queensland retailers.
“Currently, only select retailers provide price information, making it more difficult for drivers to know where the cheap sites are,” she said.
“A more transparent system will enable drivers to make decisions about which retailers they should give their business to. Not only will this help drivers save money, but it’ll force servos selling at a higher price to drop it to get customers and ultimately force prices down.”
Read RACQ’s March fuel price report here.