The warning came as the grace period for the Queensland Government’s fuel price reporting trial ended on Monday, and retailers who failed to comply with the scheme could be penalised.
RACQ Head of Public Policy Rebecca Michael said since December 2018, service stations have been required to report their prices to a State Government appointed aggregator within 30 minutes of a price change.
“It’s revolutionised the way Queensland motorists buy fuel as they now have ‘access all areas’ to finding the cheapest prices and the opportunity to reward those retailers offering the best deals with their business,” Dr Michael said.
“Service stations have been given ample time to adapt to the change and fine tune their processes and now they could ultimately face fines for non-compliance. We understand the Queensland Government has informed retailers of the end of the grace period and we look forward to improved compliance.”
Dr Michael urged motorists to take advantage of the apps and websites available and help drive down prices.
“There’s a large number of people making good use of the real time prices and informed decisions before filling the tank. Early evidence suggests this has led to lower prices in many towns and cities across Queensland,” she said.
“Last month we saw indicative retail margins in Brisbane drop to 8.4cpl – that’s around 3.4cpl less than the 2018 average for the third consecutive month.”
Drivers could download RACQ’s Fair Fuel Finder app to locate the lowest petrol prices in their area.