Competition keeps fuel low
COMPETITION and a soaring Australian dollar are keeping petrol prices in Bundaberg low, according to one service station owner.
Petrol prices in Bundaberg are hovering at around the 120.9 cents a litre mark at most outlets, making it some of the cheapest in the state.
Matilda owner Gary Jensen, who has opened two outlets in the city this year, said the market in Bundaberg was so competitive everyone was jostling for market share.
“We’ve taken some volume off the other players, and they’re all dropping prices to try to keep their market,” he said.
Mr Jensen said there would always be variations in prices, and although they were low now they would always go back up again.
“To a certain extent the high Australian dollar is keeping prices down,” he said.
He said most of Australia’s fuel was imported.