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Regional Towns Getting $1 Fuel

RACQ expected petrol prices to drop below one dollar per litre in some locations in the coming weeks, as the fall in the price of global oil took effect at the bowser.

Club spokesperson Renee Smith said Toowoomba motorists continued to be the biggest winners among regional centres for low fuel prices as the impact of the coronavirus health crisis continued.

“Currently the cheapest site in Toowoomba is selling ULP for 104.9 cents per litre (cpl) and the average is 118.6cpl,” Ms Smith said.

“In the past month we have seen prices drop by 27.5cpl which is fantastic news for motorists.

“Changes in global oil prices historically take around 3 to 6 weeks to be take effect at the bowser, but this could longer due the fall in sales volumes due to the COVID-19 restrictions.”

Ms Smith said it was unlikely prices would drop to one dollar across all of regional Queensland, but a fall of 10cpl to 20cpl was likely even if the global oil price remained stable in coming weeks.

“There have been savings passed on in Maryborough, Bundaberg, Gladstone and Miles, and we would expect prices to continue to fall,” she said.

“Prices don’t change in regional areas as much as they do in south east Queensland because of the lack of a price cycle.

“Any change in global factors usually results in reductions at the bowser. Considering the fall in the oil price we would expect to see bigger savings passed on to motorists.

“In places like Cairns, Townsville, Mackay and Rockhampton average prices range from 130-135cpl and that’s just too high.

“Motorists are being taken for a ride and being ripped off when times are tough.”

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