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Money Brisbane hit with most expensive petrol in three years

15:47  06 january  2018
15:47  06 january  2018 Source:   brisbanetimes.com.au

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Brisbane has been slugged with the most expensive unleaded petrol prices in more than three years . Brisbane recorded its highest average fuel price in more than three years in December 2017.

The latest RACQ data reveals Queenslanders continue to pay more at the bowser. Original Source.

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Brisbane has been slugged with the most expensive unleaded petrol prices in more than three years.

The latest data released by the state’s peak motoring body revealed the average unleaded petrol price for December in Brisbane was 141.9 cents per litre (cpl), making Brisbane the most expensive capital city in Australia to fill up.

RACQ spokeswoman Renee Smith said Brisbane’s petrol price was outrageous.

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“Not only was Brisbane the most expensive for fuel out of all Australia’s major capital cities, it had dearer fuel than 28 of the 33 regional Queensland towns and cities we monitor,” she said.

“It’s outrageous and there’s no good reason for it.

“We saw a slight increase in the global price of oil, but there’s no way servos can justify the high prices we’ve seen.”

The data also showed that in December, service stations charged, on average, indicative retail margins of 16cpl for unleaded petrol in December – the highest recorded across the state.

Brisbane recorded its highest average fuel price in more than three years in December 2017. © Marina Neil Brisbane recorded its highest average fuel price in more than three years in December 2017. Ms Smith said it was likely retailers extended the expensive phase of the south-east Queensland price cycle in December because they wanted to keep prices high through the festive season.

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Petrol prices are at three - year highs. Some cities, such as Adelaide and Sydney, have already hit the top of their cycle so motorists there should “There’s not a massive spread of prices in those cities — for example in Brisbane the average is 153.9 and the most expensive is 156.9, which is worrying.

The data from the Department for Business, Energy and Industrial Strategy shows that petrol and diesel prices rose by more than three pence per litre in the past four weeks. With pump prices up again, the cost of an average tank of fuel is around £10 more today than it was a year ago.

“To have indicative retail margins of 16cpl is unjustified and is simply rorting motorists,” she said.

Ms Smith said RACQ would continue to lobby the state government for mandatory petrol price reporting so motorists had the information to make informed choices at the bowser.

“There’s nothing illegal about the price being charged,” she said.

“All we, as drivers, can do is to ensure we’re only supporting the service stations charging the lowest price,” she said.

In October an Australian Competition and Consumer report revealed Brisbane drivers were paying an average of 3.3 cents per litre more than motorists in Sydney, Melbourne, Adelaide and Perth.

RACQ encouraged motorists to hold off on filling up as petrol prices were currently falling by about half a cent a litre each day.

In Brisbane, the fair fuel price was considered 138.3cpl while Sunshine Coast and Gold Coast residents could expect to pay 141.3cpl and 141.7cpl respectively.

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