Queensland’s peak motoring body has accused petrol retailers of double-dipping on the high end of the petrol cycle, as the state government works to get real-time fuel price monitoring off the ground.

The RACQ says after prices in Brisbane rose to four-year highs of 162 cents per litre a few weeks ago, retailers have bypassed the cheap end of the price cycle and started to raise their prices again this week.

The motoring club’s Lucinda Ross said since that high prices had slowly fallen, but they had been expecting another few weeks of falls.

“Motorists are angry because we’ve gone from these record highs to more high prices, and instead of getting cheaper fuel we’ve gone straight back up to the high prices again,” she said.

“What we’re seeing here is the major players like Woolworths, Coles, BP and Caltex have essentially ripped the rug out from under motorists, they’ve hiked their prices far too early.

The motoring club says real-time fuel price monitoring, due to be trialled from December wouldn’t be a silver bullet against such rises, but it would give motorists a clearer idea about where the cheap fuel could still be found.

The government announced the trial following pressure from the RACQ and the Liberal National Party Opposition, and Deputy Opposition leader Tim Mander reiterated calls for the government to sidestep the trial period and introduce real-time monitoring immediately.

“They’ve now had a couple of months already after they agreed to do it, you’ve got to wonder what the heck are they doing? Mr Mander said on Wednesday.

“Other states have done it and implemented it quickly, we’re asking the Palaszczuk government to do the same thing here.”

Under the changes, Queensland petrol prices will be published on existing smartphone apps and websites such as Motormouth, GasBuddy, PetrolSpy, RACQ and Compare the Market within 30 minutes of any change.

Retailers will be required to report changing prices to a private tech company which will pass the information on.

They face fines from April 2019 if they do not comply.

Extracted from News.com.au