Ipswich motorists feel fuel pump pain
IPSWICH motorists have been stung at the fuel pump, with data showing June prices here were nearly 18c a litre more than the previous month.
The RACQ says petrol stations haven’t been playing fair, with the average price for unleaded in Ipswich for the month of June 130.8 cpl, compared to 112.2 cpl in May.
RACQ spokesperson Renee Smith said fuel retailers were increasing their profit margins.
“In line with the excessive rise in average ULP prices in June, indicative retail margins at service stations also increased by 15.6cpl,” Ms Smith said.
“In good news for Ipswich motorists there was some relief nearing the end of last month, as prices came down during the discounting phase of the petrol price cycle.”
Ms Smith said Ipswich was currently in the cheapest phase of the cycle, and now was the time to buy.
“Motorists should keep an eye out for a benchmark price of 112cpl or less, and they’ll know they’re getting a fair deal.”