Cheaper competitor doesn’t sway Cairns fuel retailer on prices - United Petroleum

Cheaper competitor doesn’t sway Cairns fuel retailer on prices

The Cairns Post

July 10, 2017 11:15pm

FUEL retailers are refusing to budge on petrol prices despite the entrance of a cheaper supplier.

Motorists queued up at United Petroleum at Woree on the weekend to fill up the cheapest petrol seen in years.

The new retailer, located on Southgate Cl, slashed prices with unleaded petrol at 109.9 cpl and diesel at 108.9 cpl last Friday morning.

A survey of inner-city Cairns fuel stations showed several stores sticking with 139.9 cpl prices at the bowser today.

The cheapest station on Sheridan St was Caltex at 139.4 cpl for unleaded and 132.9 cpl diesel.

On the same road BP, Shell and Mobil are offering unleaded for 139.9 cpl and 130.9 cpl for diesel.

The RACQ fair fuel price is listed at 121.8 cpl today.

An Australia Competition and Consumer Commission report found that since 2012-13 prices in Cairns have been about 11 cents per litre more than in the five largest cities in the country.

The city’s petrol stations have been making 38 per cent more profit on fuel sales than the average across Australia because of the lack of competition.

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