Fuel prices sting more than most

Port Douglas & Mossman Gazette - - FRONT PAGE -

FUEL retailers are rip­ping off peo­ple in North Queens­land, with mar­gin prof­its 10c per litre too high, ac­cord­ing to RACQ.

RACQ re­cently re­leased its monthly fuel re­port, re­veal­ing Bris­bane’s prices had dropped to an aver­age 141.1c per litre (CPL), which still re­mains more ex­pen­sive than Syd­ney, Melbourne, Perth and Ade­laide.

In com­par­i­son, the whole Cairns re­gion is pay­ing around 15c more per litre, in­clud­ing the Dou­glas re­gion, with Port Dou­glas yes­ter­day at 155.9 CPL.

RACQ spokesman Joe Fitzger­ald said the high price is com­ing from retailers who are ex­pe­ri­enc­ing higher profit mar­gins.

The aver­age re­tail mar­gin is at 22 CPL for the Cairns re­gion, which a fuel ex­pert from RACQ said is about 7-10c per litre too high.

Mr Fitzger­ald said retailers are tak­ing gen­er­ous mar­gins them­selves and bump­ing up prices.

‘‘Fuel retailers took ad­van­tage of fall­ing oil prices in April to fat­ten their wal­lets at the ex­pense of re­gional mo­torists,’’ he said.

‘‘Mo­torists out­side of the south-east have ev­ery rea­son to feel ag­grieved at this kind of op­por­tunis­tic treat­ment.’’

Fuel mer­chants and retailers Marano Fu­els re­fused to comment yes­ter­day.

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