Fuel prices should not increase over the Christmas season.
Fuel prices should not increase over the Christmas season.

Fuel prices steady for Christmas

BUNDABERG region’s residents should not expect any nasty Christmas petrol surprises this year, according to peak motoring body RACQ and local service stations.

Choice Petroleum owner Evan Ryan said this time last year he would have been unable to make predictions about the future of petrol prices, but this year there was more stability in the market.

He said the Gin Gin petrol station, on the Bruce Highway, was already becoming busier with holiday traffic and he expected the increase in motorists to continue throughout the school holidays.

“I think it will be similar to last year,” he said.

He predicted the price of unleaded would stay steady at about $1.25/litre.

Bargara resident Peter Watson said he had noticed a slight increase in the petrol price as Christmas Day approached.

Mr Watson said he and his wife would not travel far this festive season, but that decision was made because of work commitments and having already taken a holiday earlier in the year.

“We buy our fuel when we need it and sometimes we have to pay a bit more,” he said.

“We do have a tendency to shop around for petrol prices.”

RACQ spokesman Jim Kershaw said prices at the bowser should stay pretty stable during the Christmas period, but beyond the first few days of the new year it was almost impossible to predict what could happen.

“Christmas is falling on a weekend and prices shouldn’t go up at all,” Mr Kershaw said.

“There’s no great surprises and we shouldn’t have any great surprises leading into Christmas.”

He said if prices did rise because of crude oil fluctuations, it should not just happen in Bundaberg.

“Markets can get spooked... but there should be a five-day delay before that gets to the bowser,” Mr Kershaw said.

He said there had been some movement in the world-wide crude oil price because of the cold European winter and people using heating oil, but that should not instantly affect prices in Australia.

The RACQ spokesman said the current average price of unleaded in Bundaberg was $1.23, which was comparable with other regional centres throughout Queensland, such as Cairns and Maryborough.

Even petrol in Brisbane was at the same average price as those regions.



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