An electronic sign displays petrol prices at a service station in Adelaide, Tuesday, August 21, 2018. Unleaded petrol has reached its highest price in almost four years across Australia's capital cities, according to the Australian Competition and Consumer Commission. (AAP Image/Kelly Barnes) NO ARCHIVING
An electronic sign displays petrol prices at a service station in Adelaide, Tuesday, August 21, 2018. Unleaded petrol has reached its highest price in almost four years across Australia's capital cities, according to the Australian Competition and Consumer Commission. (AAP Image/Kelly Barnes) NO ARCHIVING

Motorists get petrol price relief

JUST weeks after fuel prices skyrocketed to an all-time high across the southeast, the cost for unleaded fuel has plunged to its cheapest in eight months.

The current average price for unleaded fuel in Brisbane is 128.3 cents per litre (cpl) and on the Gold Coast it is 128.4 cpl, according to the RACQ.

The Sunshine Coast is a little higher, with an average price of 142.5cpl, though, motorists should keep an eye out for prices around the 139 mark. That price is expected to fall in the coming days.

"We haven't seen prices this low since March, so it's a relief to see cheaper fuel available, especially after the all-time record highs we saw in October," RACQ spokeswoman Kirsty Clinton said.

Ms Clinton said the reason for the sudden plunge was due to a drop in the global oil price, and because the southeast is at the bottom of its fuel cycle.

"Retailers are finally passing those savings from the global oil price drop on to drivers so it's best to get out there and take advantage and fill the tank now," she said.

Unfortunately for motorists, it is not known how long prices will stay this low.

"This fuel cycle has so far lasted 38 days, so prices could rise at any moment," Ms Clinton said.

"If you see fuel for under 127cpl on your way in to work then fill up because the price might not be there on your way home."

"It's a good opportunity for drivers to practice getting the best deal, and rewarding those fuel stations who are selling fuel cheap.

"We know the price for unleaded is averaging around the 128cpl mark, so be savvy and don't fill up at servos where the price is still high."



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