NORTH Queensland drivers were slugged up to 16 cents per litre more at the bowser last year, compared to the previous 12 months.
The average price of unleaded petrol in Townsville reached 148.7 cents/litre in 2018, up from 132 cents/litre in 2017, RACQ’s Club’s Annual Fuel Price Report Summary revealed.
Cairns drivers were also stung paying 149.1 cents/litre, 9.1 cents/litre more than the previous year.
RACQ spokeswoman Lucinda Ross said of the 30 regional Queensland areas it monitored, 25 set new record highs for ULP.
“In addition to our major cities in the far north, inland hubs like Atherton, Ingham, Innisfail, Mareeba and Tully also hit the mid-dollar-sixties in October,” Ms Ross said.
According to the RACQ, the record high daily average price for unleaded fuel in Townsville was on October 23 last year when the cost of ULP reached 163.4 cents/litre.
Townsville also set its record high monthly average price in October, with 160.7 cents/litre.
There was also a significant rise in the average price of diesel in Townsville, which spiked almost 20 cents/litre since 2017, up to 148.6 Ms Ross said.
However, the price was far off the daily average record of 181 cents/litre observed in July 2008.
Spare a thought for the motorists out west, as Mt Isa was the state’s most expensive for fuel where locals were paying on average 155.9 cents/litre.
Brisbane also took out the title of the country’s most expensive fuel capital for the eighth year running.
“Thankfully, since the October highs, we’ve seen global prices fall by more than 30 per cent, which has brought some hip pocket relief at the bowser,” Ms Ross said.
She said RACQ was pleased average indicative retail margins had dropped in some areas since 2017 — a sign some retailers had passed on savings to motorists.
“In Cairns, we saw retail margins drop significantly, from 19.4 cents/litre in 2017 down to 13.9 cents/litre last year,” she said.
“Unfortunately, it’s a different story in Townsville where margins actually rose from 11.1 cents/litre in 2017, up to 13.1 cents/litre.”
Ms Ross said average indicative margins on diesel dropped slightly by about a cent since the previous year, down to 10.3 cents/litre.
Extracted from Herald Sun