Get all your news in one place.
100’s of premium titles.
One app.
Start reading
ABC News
ABC News
Business
Sally Eeles

Petrol price hike on the way for Easter motorists as 'cheap cycle' ends, RACQ says

The current "cheap phase" in the petrol price cycle has been the longest experienced in 2021, the RACQ says.(

AAP: Lukas Coch

)

Queensland drivers planning to head away for the Easter break should consider filling the tank now, with petrol prices set to spike over coming days.

RACQ spokesperson Lauren Ritchie said it looked like it would "be in the most expensive phase of the price cycle".

"That means we'll see average prices probably around $1.65 a litre for unleaded — so very high, and retailers are taking substantial margins on that," she said.

On Thursday afternoon, the cheapest fuel could be found at Ipswich and the Sunshine Coast.(

ABC News: Rachel McGhee

)

A number of service stations across Brisbane, Moreton Bay, Logan and the Gold Coast are already selling unleaded petrol for 169.9 cents per litre, but some retailers are still selling for as low as 122.9 cents per litre.

On Thursday afternoon, the cheapest fuel could be found at Ipswich and on the Sunshine Coast.

"Those sites are disappearing quickly and we don't expect to see cheap prices for much longer."

She said the current "cheap phase" in the petrol price cycle had been the longest experienced in 2021.

"At the moment, this cheap phase has lasted 10 days — usually it's about six," Ms Ritchie said.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.