The year that was in petrol
FROM refinery fires to a state government decision to cut the fuel subsidy, petrol prices in Bundaberg have been affected by a range of issues in the past year.
As the NewsMail reported in December last year, many Bundaberg motorists were gripped by fuel fever after a Caltex refinery fire a week before Christmas.
People forced most petrol stations in the city to sell out of fuel as they filled their vehicles, jerry cans and 44-gallon drums with petrol to avoid running out of fuel during the Christmas and new year period.
After the city recovered from the wave of panic at Christmas time last year, the state government’s decision to scrap the fuel subsidy after June had many service station owners and motorists worried about the effect on petrol prices in the following weeks.
Choice Petroleum owner Evan Ryan said the state government’s decision to cut the subsidy did not hurt businesses as much as it could have, because of the stability of crude oil prices.
But it has had a flow-on effect to the customer by increasing the price of some foods in store, especially frozen foods that are imported to Queensland from Victoria.
“Most frozen food prices have increased in the past three months,” Mr Ryan said.
“It’s affected 95% of food items.”
Mr Ryan said he had been forced to raise his prices between 3-5%.