Never fear motorists! Petrol prices will dip below $1 a litre yet again, and sooner than you think.
The RACQ says bowser prices in the south east are on their way down, but probably wont reach as low as they were a few weeks ago (90c!!!).
RACQ spokesperson Lauren Ritchie says that as we enter the cheap phase of the price cycle, ULP prices should still get below 100c.
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“While prices won’t fall as low during this cycle due to a higher global oil price, there will still be plenty of unleaded petrol for below 100cpl,” Ms Ritchie said.
“Some fuel companies on the Gold Coast and in Brisbane’s south-western suburbs have already dropped prices below 100cpl and in the next few days we hope to see more retailers do the same.
“This is great news for motorists because this time around more of us will be able to take advantage of the cheap fuel, as travel restrictions are being lifted and we’re able to drive further and more frequently to school and work.
“If you’re filling up today in Brisbane or on the Gold Coast, aim for 102cpl or less. If you’re in Ipswich, aim for 103cpl or less.
“We did see the average ULP price dip below 100cpl briefly in 2008 and 2016, but we haven’t seen prices consistently this low since 2005,” Ms Ritchie said.