Experts say this city’s petrol prices are out of control–here’s why

Rising petrol prices have become a hot topic, leaving many drivers wondering just how much longer they can afford to fill up their tanks.

A new report has revealed some eye-opening trends, with one city leading the pack for the most expensive fuel costs in the country.

As the debate intensifies, experts are calling for change and suggesting potential solutions that could impact all motorists.


According to the Royal Automobile Club of Queensland (RACQ), drivers in Brisbane were paying an average of $1.90 per litre.

In comparison, Perth’s petrol prices were 13 cents per litre cheaper.

This prompted the RACQ to urge the Queensland government to consider implementing a 5-cent daily cap on price hikes.


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Brisbane petrol prices soar; RACQ calls for action. Image source: Pexel/the almani


RACQ principal policy advisor Ian Jeffreys highlighted that there was a 30 to 40 cent price difference between the highest and lowest points.

He also pointed out that retailers could increase their prices by 50 cents instantly at individual sites.

Premier David Crisafulli responded, stating that the government would examine the proposal.

‘It’s something that we owe to Queenslanders to look at,’ Crisafulli said.


He went on to emphasise that ensuring more competition in the market was key.

The report showed that petrol prices across Brisbane suburbs fluctuated by up to 30 cents per litre.

Kuraby, Deagon, Zillmere, Bracken Ridge, and Moorooka were identified as the cheapest areas to fill up in Brisbane.

On the Gold Coast, Molendinar provided the most affordable prices, while Walloon in Ipswich also stood out for lower costs.


The most expensive suburbs in Brisbane were Milton, Mount Ommaney, Jindalee, Salisbury, and Toowong.

Jeffreys suggested that global oil prices could drop this year, potentially bringing relief to motorists.

‘We should also see a moderate drop in the price of fuel,’ Jeffreys said.

Key Takeaways
  • A new report revealed Brisbane's petrol prices are among the highest in Australia.
  • RACQ called for a 5 cent daily cap on price hikes to curb the cost.
  • Petrol prices across suburbs varied by up to 30 cents per litre.
  • Experts predict a drop in fuel prices if global oil costs decrease.

With experts predicting a possible drop, will this bring much-needed relief, or is this just another temporary dip? We'd love to hear your thoughts in the comments.
 

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And the last time I looked, we live in a democratic country, where the government has no power to tell any company what to charge for their products. They do, of course, control the taxes imposed on the companies in the process from beginning to end and the companies have to go along with them. In the meantime, they reap untold billions from the consumers on the way, with no intention of lessening the impact on our pockets. If it wasn't so serious, it'd be a joke, and the only one laughing is the government.
 
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Reactions: Nantes and Pam71
I asked a local shop owner what impact the cashless society would have on his business and he told me that items that he sells for $1.80 would go up to $3.80..... Get ready for MASSIVE price hikes.

I noticed that the service station down the road from me has the store boarded up so the is no human contact and the browsers are all 'card only' and you pay upfront...not a human in sight...
 
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Reactions: Dynamo and Pam71
And all these inquiries and investigations take ages, cost tax payers money with little to no implementation at the end of it. Business continues as usual, really helpful NOT.
 
Petrol prices, here in Melton Victoria all the service stations have the same price for all their fuel.
Travel out of Melton in any direction and the price is 30 to 40 cents per litre cheaper, and it's been like this for years, if you buy 50 litres that works out to an extra $20.00 per tank in your pocket 5 tanks and you're talking $100.00, so I like many other locals buy fuel out of Melton
 
I like the fact that in W.A. they lock the prices of petrol in for 24 hours, well they did when I lived there.
Here in S.A. they can go up or drop, whenever they want.
 
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Reactions: Ezzy

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