Fuel price hits a record high

Townsville Bulletin - - NEWS -

NORTH Queens­land driv­ers are pay­ing record prices for fuel.

The av­er­age price for un­leaded fuel in Townsville rock­eted to an all- time high of 160.7c per litre in Oc­to­ber.

Char­ters Tow­ers did not fare much bet­ter, with driv­ers fill­ing up at an av­er­age un­leaded price of $ 1.60 per litre, up 6.2c from Septem­ber.

The in­dica­tive re­tail mar­gin – the dif­fer­ence be­tween the whole­sale price that re­tail­ers pay for fuel and what they sell it for – was al­most 10c per litre for un­leaded fuel.

Diesel av­er­aged $ 1.62 per litre, up 6.2c.

RACQ spokes­woman Lucinda Ross said the sharp rise was due to a con­flu­ence of fac­tors.

“So ( it was) quite high and very frus­trat­ing for driv­ers with fuel be­ing such a huge ex­pense, par­tic­u­larly when you are driv­ing huge dis­tances as you would be out in Char­ters Tow­ers,” she said.

“A ma­jor­ity of the in­crease that we saw in Oc­to­ber was due to the global oil prices ris­ing and we had a soft­en­ing of the Aus­tralian dol­lar and those two things to­gether pushed up the price that con­sumers pay.

“We also have the is­sue of many ser­vice sta­tions across the North, and across the state re­ally … also charg­ing what we con­sider un­fair mar­gins. They were adding ex­tra costs to the fuel that we think are not fair.”

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