FIERCE COMPETITION is being attributed to lower petrol prices across the Gold Coast during February.
RACQ’s Monthly Fuel Price Report revealed local drivers enjoyed filling up for an average price of 125.5 cents per litre (cpl) for unleaded petrol (ULP), cheaper than anywhere else in the south east.
According to the Motor Mouth website, prices continue to hover around that mark, while some service stations, particularly those on the M1 and in southern Gold Coast suburbs, are charging up to 135.9cpl.
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Brisbane drivers were also rewarded at the bowser during February, with the city named one of the cheapest capital cities in the country.
The River City recorded an average ULP price of 128.6cpl, and while prices had increased by 5.6cpl since January, it was the second cheapest Australian capital city, behind Darwin.
RACQ spokesperson Lucinda Ross said the Club believed the fuel price reporting trial had helped drive the change as it had generated high levels of competition among retailers.
“For many years, Brisbane’s been the most expensive capital city in Australia, and it’s good to see this trend starting to change,” Ms Ross said.
“Indicative retail margins for both ULP and diesel are also lower than they’ve been in five years,” she added.
“The fuel price reporting trial means there’s now greater transparency in an industry where prices rely heavily on competition. It’s a reminder to servos that they’ll need to keep their prices sharp – motorists are in the driver’s seat about who they choose to buy from and they’re becoming so much savvier.”