After record-breaking fuel prices across Logan and the Scenic Rim motorists are seeing some relief at the bowser.
More than half of all service stations across both regions are charging $1.89 a litre or less for unleaded petrol.
RACQ spokesperson Lauren Cooney says the price fall is likely to continue due to unexpected international factors.
“Just as south east Queensland entered the cheap phase of its fuel price cycle, the global price of Brent Crude Oil and Brisbane’s Terminal Gate Prices dropped substantially. This has caused the fuel price cycle to extend and the cost of petrol to continue to fall.”
“The dramatic drop in global oil prices is believed to be caused by fears of recession and has impacted petrol prices right across Australia.”
“This is great news for motorists who, not too long ago, were paying around $2.25 a litre for unleaded.”
The RACQ expects prices to continue to fall over the coming weeks but despite a drop in Terminal Gate Prices for Diesel, Ms Cooney says we haven’t seen fuel companies pass those savings on to motorists, instead using the fall to bolster their retail margins.
“It’s incredibly disappointing to see fuel companies refusing to pass on these savings for diesel, especially at a time when cost of living is front of mind for many Queenslanders.”
