Fuel price records toppled in 2023, with Queensland regional towns and cities paying more for unleaded fuel than ever before – but not everywhere.

Looking to more rural parts of Queensland, only Dalby offered cheaper fuel for unleaded, but by a slim margin at the checkout with 178.4 cents per litre.

Brisbane drivers relying on diesel fuel were hit with some of the highest prices in the country, recording the most expensive fuel of the five largest capital cities at 203.6 cents per litre on average.

According to the report, fuel prices are expected to remain similar in 2024, and may actually be cheaper than the second half of 2023.

Dr Jeffreys said this may be due to the low average indicative retail margins across Queensland.

“The indicative retail margin estimates how much service stations charged motorists on top of the wholesale price they purchased the fuel for,” he said.

“Across nearly all of Queensland’s large regional centres, motorists were paying around 5cpl (cents per litre) or less in indicative retail margins.

“It’s encouraging to see that fuel companies did not use international factors as an excuse to boost profits from regional motorists.”

Extracted in full from:  https://www.couriermail.com.au/news/queensland/bundaberg/bundaberg-records-cheapest-fuel-in-queensland/news-story/438c0bba0f00490beca82be508724352