ADDING some relief to the cost of living, unleaded petrol prices have fallen throughout Queensland, with RACQ advising prices are likely to continue to fall over the coming weeks.
Those fueling up today will see welcome relief with the price of unleaded across the Hinterland dropping under $1.90 per litre at all but one* hinterland retailer, with some as dropping as low as $1.79 per litre.
RACQ Spokesperson Lauren Cooney has said that the fall is due to unexpected international factors.
“Just as south east Queensland entered the cheap phase of its fuel price cycle, the global price of Brent Crude Oil and Brisbane’s Terminal Gate Prices dropped substantially. This has caused the fuel price cycle to extend and the cost of petrol to continue to fall,” Ms Cooney said.
“The dramatic drop in global oil prices is believed to be caused by fears of recession and has impacted petrol prices right across Australia.
“This is great news for motorists who, not too long ago, were paying around 225cpl for unleaded.”
However, the price of diesel continues to remain over $2 per litre.
RACQ’s Ms Cooney said that despite a drop in Terminal Gate Prices for Diesel, they haven’t seen fuel companies pass those savings on to motorists, instead using the fall to bolster their retail margins.
“It’s incredibly disappointing to see fuel companies refusing to pass on these savings for diesel, especially at a time when cost of living is front of mind for many Queenslanders,” Ms Cooney said.
*At time of publishing. Data from petrolspy.com.au
