Not only have Brisbane drivers been paying the most in the country, their prices have hit new highs.
Not only have Brisbane drivers been paying the most in the country, their prices have hit new highs.

Petrol price hike hits four-year high

PETROL prices in Brisbane have hit a four-year high, with motorists paying an average of $1.62 per litre - the highest daily average since July 2014.

RACQ spokeswoman Lucinda Ross said in the past few days, 90 per cent of Brisbane service stations had hiked their unleaded petrol to $1.60 or more.

"Across the city, we've seen prices skyrocket in recent days with the average now sitting at above 160c/litre for the first time in four years - there are some servos even selling fuel for an outrageous 166c/litre," Ms Ross said.

"Brisbane drivers are already paying more for fuel than motorists in most of the other large Australian capitals and this is just another blow to the hip pocket."

Ms Ross said although global oil prices had increased in recent months, there was no justification for prices to be hiked this high.

"As drivers, we have no control over the global price of oil," she said.

"But what's really frustrating is Brisbane fuel company margins are higher than the other large capitals in Australia.

"That's why we keep calling on drivers to shun the retailers charging the highest prices, and support the cheapest servo in their area."

Ms Ross said the real-time fuel price data trial, which would come into effect from December, would help drivers shop around and avoid some of the worst offending fuel retailers.

"Once again, this hike has been led by the major fuel companies, BP, Coles, Caltex and Woolworths, who're all too often the first to hike, and lift their prices to the highest levels," she said.

"We know there's often a 20c to 30c a litre difference between the top and bottom of the Brisbane market at any time, so, while the availability of real time petrol price data isn't going to be a silver bullet in bringing down prices, it'll help drivers identify the lowest price in their area and save money."