Petrol prices skyrocketing in Brisbane

Pushes for real-time price monitoring as commuters suffer from higher price per litre

Petrol is a necessity if you own a car — and particularly if you use that car to get to work or to take your kids to school. But skyrocketing petrol prices are making it harder than ever to stay on the road.

And with 53% of Queensland households having access to two or more motor vehicles – compared to a national average of 51% – rising petrol prices are an issue many in the Sunshine state are likely to be concerned about.

Petrol across the south east of Queensland has almost become a life luxury, with consumers admitting they can sometimes only afford to put in $10 or $15 worth of petrol at a time with current prices.

And with prices reaching a 3 year high — the average price being a $1.52 a litre — it’s a worrying upward trend. Particularly since there’s no discernable rhyme nor reason for the spike.

“It’s just unacceptable there was no good reason for this increase and unfortunately more service stations are going up to this price,” Renee Smith from the Royal Automobile Club of Queensland (RACQ) said.

The Brisbane suburb of Kenmore is currently home to the most expensive petrol — $1.56 for E10, and a whopping $1.76 for Premium.

“They’re having a party at the expense of Brisbane motorists,” Geoff Trotter, co-founder of Fuel Trac said.

Experts are now begging for real-time price monitoring to be introduced.

But the state government claims it could push prices up even more and end up taking more from the pockets of Queensland drivers.

“We don’t want to see the administration of such a scheme being passed on to petrol prices and to commuters,” said Queensland Deputy Premier Jackie Trad.

Though Peter Khoury from NRMA explained that in his experience use of the real-time price monitoring has not increased cost to consumers.

“What we saw was a fall in prices, not an increase,” Khoury said.

New South Wales brought this monitoring app in two years ago.

“The power is now in the hands of motorists to get in their car, find those cheap servos, drive right by those expensive ones and get some relief on the family budget,” said Khoury.

However, there are some who believe even those measures don’t go far enough.

“Cap the wholesale and retail margin at 20 cents a litre so the maximum pump price  in Brisbane today would be $1.42,” Trotter said.

With prices still high, it’s a debate that is likely to continue.

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