The price of petrol in Queensland seems to have been fairly stable for the last few weeks but that all came to an end yesterday.
At 10am the price of a litre of ULP at BP Caboolture – the main stop for people travelling north or south on the Bruce Highway – was 136.9 c/l when we went through heading south.
Four hours later when we were heading north the price of a litre of ULP had gone up to 149.9 c/l. In four hours the price of petrol rose 13 cents a litre.
The industry says that the price rise is due to the conflict in Libya. Regardless of what caused the price rise it’s a scary peek into what’s to come in the years ahead. We may look back on 149.9 c/l and think that price point was rather cheap.
Petrol Soars in Queensland