Gold Coast drivers have benefitted from more competitive fuel prices, as new RACQ analysis revealed the region’s service stations priced unleaded petrol (ULP) lower and discounted it at a faster rate, than other south east Queensland (SEQ) markets.
RACQ spokesperson Lucinda Ross said while the Gold Coast had historically followed the SEQ petrol price cycle, during the last cycle, a distinct change in retailer behaviour was observed on the Glitter Strip.
“When prices hiked earlier this month, rather than jumping to the common new high of 159.9 cents per litre (cpl), we’ve seen about 20 percent of servos on the Coast jump to a lower 154.9cpl,” Ms Ross said.
“In more good news for local drivers, high levels of competition have led to the average ULP price falling 4.1cpl in just four days to 149.8cpl. The average on the Coast is now 5cpl lower than what we’re seeing in Brisbane.
“This is all great news for motorists in the region with the Gold Coast becoming the most competitive of the SEQ ULP markets.”
Ms Ross said suburbs like Helensvale, Arundel, Merrimac and Southport had recorded the most competitive prices on the Coast.
“We have fuel going for 130.9cpl in Helensvale, so if you spot that price, jump on it because this is probably as low as it’ll go – and it’s under wholesale,” she said.
“Most Gold Coast servos will continue to discount in the coming days and weeks though so if you can hold off on filling the tank a bit longer, you’ll save even more.
“If you need to fill up now, aim to buy ULP for 140cpl or less. About seven percent of Gold Coast servos are currently selling at or below this price.
“Most importantly, always use pricing information available online, like RACQ’s Fair Fuel Finder app, to make sure you’re giving your business to the servo selling fuel for the lowest price in your suburb.”
Extracted from RACQ