Qld: Prices reach $1.16 in Brisbane

AAP General News (Australia)
08-08-2005
Qld: Prices reach $1.16 in Brisbane

Petrol prices in Brisbane have reached a high of $1.16, but they are much higher in
the western and northern parts of Queensland.

FuelTrac managing director CHRIS KABLE says the price of unleaded fuel is $1.24 cents
a litre in the Cape York town of Weipa, due largely to freight costs and lack of competition.

He says although oil companies are ready to post a new wholesale price, Queensland
prices remain cyclical and could dip to $1.06 in Brisbane around mid-week.

Mr KABLE the Queensland prices are nine cents a litre lower than in New South Wales
because the state receives an 8.3 cents a litre government subsidy as well as GST.

He says this makes a total subsidy of 9.19 cents a litre for unleaded fuel.

AAP RTV rad/sc/goc/rt

KEYWORD: PETROL QLD (BRISBANE)

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