RACQ’s Monthly Fuel Price Report revealed the River City recorded an average unleaded petrol (ULP) price of 128.6 cents per litre (cpl) last month, and while prices had increased by 5.6cpl since January, it was the second cheapest Australian capital city, behind Darwin.
RACQ spokesperson Lucinda Ross said the Club believed the fuel price reporting trial had helped drive the change as it had generated high levels of competition among retailers.
“For many years, Brisbane’s been the most expensive capital city in Australia, and it’s good to see this trend starting to change. Indicative retail margins for both ULP and diesel are also lower than they’ve been in five years,” Ms Ross said.
“The fuel price reporting trial means there’s now greater transparency in an industry where prices rely heavily on competition. It’s a reminder to servos that they’ll need to keep their prices sharp – motorists are in the driver’s seat about who they choose to buy from and they’re becoming so much savvier.
“On the Gold Coast, where competition is fierce, February’s average ULP price of 125.5cpl came in lower than anywhere else in the south east. Meanwhile, the Sunshine Coast and Brisbane’s Bayside were higher at 130.4cpl and 132.1cpl respectively.”
Ms Ross said motorists could save money if they researched where to fill their tanks.
“The power is truly at our fingertips so we need to use the information we have available on apps and websites, like RACQ’s Fair Fuel Finder, to find the cheapest spots to fuel up.”
The February 2019 Fuel Price Report could be viewed on RACQ’s website.