Fuel finally dips below $1 on the Sunshine Coast
FOR the first time in six years, discounted petrol was advertised on a Sunshine Coast billboard for less than a dollar.
Motorists driving by the Puma Service Station in Sugar Rd, Maroochydore, had to look twice to make sense of the square mark where a dollar sign used to be on the petrol price.
But the RACQ and FUELtrac both warned customers to check the fine print before looking to take advantage of the 10-cent discounts advertised with promotions.
But even at the non-discounted price of $1.09 it was great news for Sunshine Coast motorists.
RACQ spokeswoman Renee Smith said that at $1.09 it was "one of the lowest prices in the state".
The last time servo billboards reflected prices under a dollar was in 2009.
A Puma spokeswoman said the 10-cent discount applied when customers spent $20 in store on goods, except for cigarettes and phone credit.
Ms Smith warned consumers they needed to check the conditions as "you don't want to be forced to spend money on in-store items you don't want".
She said that at $1.09 it was about 10 cents below the average on the Sunshine Coast yesterday.
"To our knowledge it would be the cheapest on the Sunshine Coast, possibly in the state.
"It is incredibly cheap fuel. It's great to see Sunshine Coast motorists get it."
The drop in global oil prices has brought unleaded fuel to new lows in south-east Queensland.
It also helped put Sunshine Coast motorists on par with commuters in Sydney and Melbourne.
"In Sydney the average has been $1.09, while in Melbourne it's $1.10," Ms Smith said.
"They are quite often cheaper than Brisbane as they have a more competitive fuel market."
FUELtrac's Geoff Trotter said prices could also be expected to drop by a further cent later in the week.
"We are back to where oil prices were six years ago," he said.
The normal fuel cycle, with prices peaking at one point in the week, had been suspended for the past two months, with fuel staying at a constant price.
"The dealers have been maintaining an average margin of 12 cents a litre," he said.
Petrol prices yesterday:
Rainbow Fuel, Caloundra
Caltex Sippy Downs
Puma Tugun Gold Coast
Caltex Greenacre Sydney