News

Petrol cheaper at Ipswich bowsers

Ipswich drivers paid high prices for diesel during November as profit margins rose.
Ipswich drivers paid high prices for diesel during November as profit margins rose. File

PETROL-powered motorists have enjoyed a relatively cheap month at the bowser while diesel drivers copped the brunt of a sharp increase in profit margins from the major retailers, wholesalers and refiners.

RACQ spokesman Michael Roth said south-east Queensland motorists paid "exorbitant" prices for diesel through November, despite a drop in oil prices.

In Ipswich, diesel averaged 150.4 cents per litre - 0.4 cents per litre above the average price in Brisbane for the month and half a cent more expensive than the October average.

But Mr Roth said a more telling figure was the 10-cents-per-litre rise in profit margins on diesel from last year.

Diesel retail margins rose to 12.4cpl in November, a 6.7cpl increase on November last year. Refiners and wholesalers also enjoyed an increase, with their combined margins 3.2cpl higher than in November 2011.

"Total diesel margins have been creeping up steadily since March as fuel companies continue to pocket more at the expense of motorists," Mr Roth said.

"The price of oil and the terminal-gate price both dropped in November so we should have seen a corresponding drop in diesel prices."

Gympie was the cheapest place to buy diesel in Queensland, with an average of 145cpl, making it more than 5cpl lower than Ipswich. While there was no good news for diesel owners, petrol drivers for once enjoyed a comparatively easier time at the bowser.

Petrol prices in Ipswich dropped by nearly 8cpl from October to November, averaging 142.1 for the latter month.

Only the state's capital, which averaged 141.4, and the Sunshine Coast, at 140.8, were cheaper places to buy petrol.

The RACQ reported a 3.9cpl drop in the total margins on unleaded.

Mr Roth urged motorists to shoparound. RACQ's monthly fuel report is at racq.com/fuel.

Topics:  fuel price




Car on roof following crash west of Ipswich

Two in hospital following single vehicle rollover

Teacher retires after 37 years at Ipswich Central

Gerard Wilkins outside the building that now bears his name at Ipswich Central State School.

Gerard Wilkins reflects on his teaching career

Bomb squad now in possession of suspicious device

Fragments of a suspicious device that were found underneath a park bench in an Ipswich park this morning.

Device is a "magnet attached to...small, cylindrical metal object"

Latest deals and offers

Thy Art Is Murder are killing it

See Thy Art is Murder on their killer tour happening right now. Photo Contributed

We talk with Thy Art is Murder about touring, babies, and new music

Date announced for Prince tribute concert

A Prince tribute concert will take place later this year

Matt Damon is taking a break from acting

Matt Damon is taking a break to spend time with his family

Police foiled terrifying 1m plot to kidnap Katie Price

Police foiled a £1 million plot to kidnap Katie Price and her family

Kristen Bell's baby confession

Kristen Bell once pretended to be asleep when her baby woke up early

Babylon 5's Jerry Doyle has died

Jerry Doyle has died from unknown causes at the age of 60

Australia Post to open at Orion

Australia Post.

Service to open to customers in late August

Town with 'unique country flair' will be ruined: resident

Jonathan Emms of Rosewood is concerned about a proposed townhouse development for this John Street block of land.

Residents concerned by high density development proposal

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb