Warwick third cheapest for petrol

WARWICK has come in as the third-cheapest place in Queensland to buy unleaded petrol, the latest RACQ monthly fuel price report has shown.

Motorists in Toowoomba enjoyed the cheapest unleaded fuel prices on offer anywhere in Queensland in February, with unleaded at an average price of 129.3 cents per litre, 9.1 cents per litre cheaper than in Brisbane

The RACQ has attributed this to what it says is continuing strong competition in the Toowoomba fuel market.

Dalby was the next cheapest place to buy ULP, delivering an average price of 130.4 cents per litre, followed by Warwick at 132.1, Kingaroy and Hervey Bay, both at133.1 and Maryborough at 134.5 cents per litre.

RACQ Communications Manager Joe Fitzgerald said Toowoomba was maintaining its place as the cheapest ULP supplier in Queensland, having delivered the cheapest average ULP fuel prices in the State for the last two years.

“In January 2011 Brisbane was, unusually, the cheapest place to buy unleaded fuel in Queensland, at 130.9 cents per litre, but this was due to extraordinary circumstances created by the worst flood since 1974,” he said.

“Brisbane ULP prices have since risen to a February average of 138.4 cents per litre, higher than the majority of regional centres in Queensland, with the exception of Miles (147.4), Moranbah (140), Mount Isa (140.6) and Longreach (143.5).

“The Australian dollar maintained a stable value in February at or just above parity with the US dollar.

“But the price of crude oil continues to rise and with current instability in North Africa and the Middle East, price rises are likely to continue.”

Mr Fitzgerald said a spike in the oil price on February 24 was caused by uncertainties about supply due to political unrest in Libya, which usually produces 1.6 million barrels of oil per day.

“It is estimated that 50 percent of Libya’s production has currently ceased due to the political instability,” he said.

“In the current climate it is imperative for motorists to keep an eye on the weekly fuel cycles to ensure they fill up on the cheapest days of the week.”

Information on daily fuel prices and places to purchase cheap fuel is available at www.racq.com.au/fuel.

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