Gold Coast motorists are being urged to fill up the tank as soon as possible, or risk being gouged by servos “vying to make up for lost profits” by returning prices to pre-COVID levels.
RACQ issued the warning on Thursday, after noticing more than 430 fuel stations across the Gold Coast and Brisbane had jacked up the price of unleaded petrol to more than 150 cents per litre.
Spokesperson Lauren Ritchie said it’s obvious servos are trying to make up for lost profits.
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“More than 65 percent of servos in Brisbane and 82 percent on the Gold Coast have hit 150cpl or higher – which is a far cry from the cheap monthly average of 98cpl we saw in the middle of last year at the height of coronavirus restrictions,” Ms Ritchie said.
“Fuel companies are clawing back lost profits and ripping off drivers with exceptionally high retail margins of around 40cpl.”
Ms Ritchie said with current low oil and wholesale prices there is really no excuse for margins to be so high.
“There are very few servos still selling unleaded for under 116cpl, and we know it won’t last long,” she said.
“Anyone who spots a good deal is being urged to fill up the tank immediately.”
The average price of unleaded on the Gold Coast today is 146.9cpl.