Fuel prices ease across the state in September quarter
Queensland motorists have finally seen some relief at the bowser with RACQ’s September-quarter Fuel Price Report revealing average unleaded prices dropped across the State.
Queensland motorists have finally seen some relief at the bowser with RACQ’s September-quarter Fuel Price Report revealing average unleaded prices dropped across the State.
The Club’s latest fuel analysis found Brisbane was once again the most expensive of the five largest capital cities to fill up with drivers paying an average of 188.5 cents per litre (cpl) for regular unleaded.
It was a 16 cent drop from the record high price in the last quarter and the lowest quarterly average price since June 2023.
RACQ Principal Economic and Affordability Specialist Dr Ian Jeffreys said a fall in global oil prices and Singapore prices were to thank for the lower petrol prices.
“When we look across the state, Dalby was the cheapest regional centre to fill up at an average of 172.9cpl for unleaded, followed by 173.7cpl in Goondiwindi,” Dr Jeffreys explained.
“Longreach had the most expensive unleaded petrol, costing drivers 215.3cpl on average during the September quarter.”
Average retail margins in Brisbane dropped slightly in the September quarter to 19.9cpl, 4cpl below the June quarter but were still more than 8 cents higher than Perth’s.
“In August, the State Government announced if re-elected it would trial a cap on daily fuel price increases - an idea researched, developed and advocated for by RACQ,” Dr Jeffreys said.
“This would bring an end to the sudden and dramatic spikes we currently see in the South East and would allow motorists to plan purchases around a more measured increase in prices.
“During the last quarter we did see slightly shorter and flatter cycles which brought more competitive fuel prices for motorists.
“We’re calling for bipartisan support on this policy because skyrocketing petrol prices are too important to be ignored by any side of politics.”
RACQ research also found increasing fuel prices continue to impact consumer’s consideration of purchasing an electric or hybrid vehicle.
Forty-five percent of respondents said they’re more likely to consider purchasing an EV or hybrid due to rising fuel costs.
The Club’s September-quarter Fuel Price Report can be viewed here.
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