Petrol prices have plummeted across the south east, with drivers being urged to take full advantage of the cheaper fuel.
Prices have dropped to the lowest level they’ve been since December, promping the state’s peak motoring body to encourage motorists to fill up the tank now.
“We’re in the cheap phase of the fuel price cycle, with nearly all sites in Greater Brisbane now charging a low price, which reflects the further reduction in average unleaded prices in the past week,” RACQ Principal Economist and Affordability Specialist Dr Ian Jeffreys said
“The combination of the cheap phase of the cycle and a reduction in wholesale prices in the last few weeks has meant this is the cheapest unleaded we’ve seen in the south east for quite some time.
“It’s always difficult to say exactly how long these lower prices will stay around for which is why we’re telling motorists to fill up the tank right to the top and aim to pay 170cpl or less.”
On the Gold Coast, motorists can fill up at majority of servos across the city for 166.9 cents per litre or less.
While in Brisbane, the majority of service stations are selling unleaded for 170 cents per litre (cpl).
Dr Jeffreys said diesel prices have also been trending down but admitted margins are still higher than usual.
“Average diesel prices have dropped by a couple of cents in the past week, but margins are still around 6 cents higher than the historic average of 12cpl,” he said.
“We want to see fuel companies lower diesel prices to reflect a fair margin and pass these savings on to motorists.
“Whether you fill up with E-10, unleaded or diesel make sure you’re getting the best deal you can by using fuel comparison apps and reward the service stations that are giving you the best price at the bowser.”
