26 September 2023

Fuel price reports making money savers

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The Department of Energy and Public Works says its mandatory fuel price reporting scheme is saving the State’s drivers money at the bowser.

Minister for Energy, Renewables and Hydrogen, Mick de Brenni said drivers were checking petrol prices on comparison apps and websites more than 750,000 times per month.

“Under mandatory laws introduced by the Government, servos publish their fuel prices within 30 minutes, so drivers can compare prices through a number of apps and websites,” Mr de Brenni said.

“There are now 15 apps or websites using the Government’s data to choose from.”

He said the latest research by Griffith University, Final Assessment of the Queensland Fuel Price Reporting Trial, showed that by shopping around, over a year, drivers saved up to $171.60 in Brisbane; $156.15 in Ipswich; $145.48 on the Gold Coast; $93.15 in the Lockyer Valley; $48.59 in Cairns; and $37.21 in Rockhampton.

Spokesperson for the Royal Automobile Club of Queensland (RACQ), Renee Smith said access to real-time prices meant drivers could make informed decisions on where they bought fuel.

“Empowering motorists with access to this information saves them money at the bowser,” Ms Smith said.

“They now know when to fill up and where to fill up, which is the best way to make the price cycle and local competition work for them,” she said.

“Recent record prices in Brisbane fell incredibly quickly, up to 3.5c per litre in a day.”

Mr de Brenni said the Griffith University Report showed the Government’s decision to make mandatory fuel price reporting permanent was the right call.

The 62-page Report can be accessed at this PS News link and a full list of apps and websites using the data at this link.

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