Queensland drivers turn to smart tech to find the cheapest fuel in town
Queensland drivers are shopping around for the cheapest servo in town at almost twice the rate they did two years ago—checking petrol prices on comparison apps and websites more than 600,000 times per month, compared to less than 350,000 in 2018.
The surge follows the Queensland Government’s fuel price reporting trial, which has required retailers to provide up-to-date prices to the government, who have made them available free to app and web developers.
And the latest independent research by Griffith University shows that checking prices pays off.
A Griffith University interim report on the price reporting trial’s first year of operating shows that motorists who shopped around could have saved over a year:
- $139 at the Gold Coast and Ipswich
- $81 in Rockhampton
- $66 in Mount Isa
- $53.80 in Cairns
- and up to $179 in Brisbane.
The report also shows the two-year trial, which started in December 2018, has helped drive down average fuel prices in South East Queensland.
In South East Queensland, Griffith University found the trial delivered a small decline in the average price of all grades of petrol, including regular unleaded petrol, E10 and premium unleaded petrol.
The reduction in average petrol prices means an extra $10 million in the pockets of Brisbane motorists, and an extra $14 million in the pockets of motorists across the south east.
The main purpose of the trial is to make it easy to shop around and save by putting fuel prices into the hands of motivated motorists, but a decline in average prices is a double win for south-east Queenslanders.
Fuel price apps are now reported as being more reliable and up-to-date, with more than 1500 servos across Queensland reporting their bowser prices, and the Queensland Government passing on that data free to price comparison apps and websites.
Griffith University will deliver a final report in 2021.
For a full list of apps and websites using the data and the report into trial, visit: https://www.dnrme.qld.gov.au/energy/initiatives/fuel-price-reporting-trial
Last updated 17 August 2020