Petrol prices to stay stable
WITH so many other costs on the rise, there may at least be some relief at the petrol pump during the festive season.
While motorists in metropolitan areas are trying to guess which will be the best day to fill up, no such problems should apply in Bundaberg, where prices are expected to remain stable.
Wessel Petroleum owner Paul Wessel said there would not be any movements in the price in Bundaberg for the next week or so.
He said the average recommended price for Bundaberg would hover around the 143 cents/litre mark.
"The good news is it's not going to go up, but the bad news is it's not going to go down either," Mr Wessel said.
He said there had been fluctuations in the world oil price, but they would be reflected in the local market soon.
"The world oil price has been jumping around and the dollar has been jumping around," he said.
"It's very hard to have stability and we're influenced a lot by Europe."
Mr Wessel said with Europe now in the grip of winter and fuel being used for heating, it was mainly having an effect on diesel prices.
"The demand for diesel is a lot higher than it was 10 years ago," he said.
"We see good growth in the prices of diesel, but no growth in gasoline."
Mr Wessel had some advice for motorists as the region entered the storm and cyclone season.
"People should fill up their tanks and keep them full during this season to avert panic buying," he said.
"It's good to keep your tank full if there's a cyclone or storm hovering around."
Mr Wessel said his company ran out of petrol during the summer floods because people were panic buying.
He also warned against people storing petrol at home.
"It's not a good idea to store more than 20 litres at home because if something happens it will affect your insurance cover," he said.
And he had some tips on cutting petrol consumption.
"People travelling away should always check their tyre pressure is right, because that will cut your consumption of fuel," he said.
"And drive steadily - you will go through a lot more petrol if you've got a lead foot."
Matilda service station owner Gary Jensen agreed that petrol prices were likely to remain stable.
"They've been pretty stable for some time," he said.
"We have no indications where they're going to go at all, but we have no intention to change them at this stage."
Mr Jensen said he expected to receive another delivery today, and his service stations would try to make that last until Tuesday.
But at the same time, he said prices could change quickly.
"Because it's an international commodity the price can change from hour to hour depending on the exchange rate," he said.
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