City’s fuel price to hit 29- month high

Townsville Bulletin - - News - by Bar­bara Lynch bar­bara. lynch@ townsville­bul­letin. com. au

TOWNSVILLE fuel prices could reach more than 140.1c per litre to­mor­row fol­low­ing the an­nounce­ment of a 29-month high across the state.

This is 10c per litre less than Bris­bane’s ex­pected 150.1c per litre.

RACQ com­mu­ni­ca­tions man­ager Joe Fitzger­ald en­cour­aged Townsville mo­torists to fill up as soon as they could.

‘‘ Townsville driv­ers are se­lec­tive and buy on price and not be­cause of the petrol sta­tion,’’ he said.

‘ ‘ T o w n s v i l l e i s t r a d i t i o n a l l y cheaper than Bris­bane be­cause of the pres­ence of the in­de­pen­dent fuel sta­tions. The stronger the competition means the less fuel mar­gin ma­jor re­tail­ers think they can get away with,’’ he said.

Mr Fitzger­ald said the an­tic­i­pated av­er­age un­leaded price of 147.1c a litre or higher in Bris­bane rep­re­sented the high­est price rise since Septem­ber 2008.

The Fe­bru­ary av­er­age for Townsville was 136.1c per litre, Cairns was 137.1c, Rock­hamp­ton 137.3c and Mackay was the cheap­est re­gional area at 134.8c per litre.

Mr Fitzger­ald ex­pected Townsville’s av­er­age fuel price to reach 141c this week­end.

Tues­day was the most ex­pen­sive day in the seven-day fuel cy­cle and this meant mo­torists who bought fuel on this day could have paid up to an ex­tra 10c per litre, he said.

Mr Fitzger­ald said mo­torists needed to choose wisely where they bought their fuel.

Yes­ter­day’s prices in Townsville ranged be­tween 135.9c-139.9c per litre.

FUEL­trac gen­eral man­ager Geoff Trot­ter said his com­pany didn’t like to quote fuel prices be­cause they could change. He said the be­lief fuel prices rose this week due to the un­rest in Libya was un­true.

‘‘ There should be no cor­re­la­tion be­tween the two events,’’ Mr Trot­ter said.

‘‘ The only rea­son they’d jump to that level is be­cause deal­ers want a larger mar­gin in this par­tic­u­lar case.

‘‘ If petrol sta­tion own­ers are happy to sell petrol for 130.1c dur­ing the week, then why would it jump 10c on the week­end?’’

Mr Trot­ter said it should weeks for the new price to through to the sup­ply chain.

‘‘ We have a seven-day rolling av­er­age to cal­cu­late the whole­sale price and this smooths out these rises.’’

He said re­tail­ers and deal­ers were rip­ping con­sumers off.

‘‘ It’s ridicu­lous. Crude oil has to stay up for at least a week to see a long-term af­fect on fuel prices,’’ he said. Crude oil rose to $ 120 a bar­rel then re­treated to $ 114 ear­lier this week, he said.

Toowoomba re­mained the cheap­est place in Queens­land to buy un­leaded petrol in Fe­bru­ary, con­tin­u­ing its trend from 2009 and 2010 when it deli vered t he cheap­est av­er­age prices in the state. take flow

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