{"id":325336,"date":"2022-10-25T13:12:46","date_gmt":"2022-10-25T03:12:46","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=325336"},"modified":"2022-10-25T13:12:46","modified_gmt":"2022-10-25T03:12:46","slug":"diesel-to-continue-rising-racq","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2022\/10\/25\/diesel-to-continue-rising-racq\/","title":{"rendered":"Diesel To Continue Rising: RACQ"},"content":{"rendered":"
\"\"<\/a>
The RACQ has warned that diesel prices are likely to continue to rise (Photo: RACQ)<\/figcaption><\/figure>\n

October 25, 2022<\/strong><\/p>\n

The RACQ has told motorists to blame international factors, rather than overcharging, for the current high price of diesel fuel.<\/p>\n

And the bad news is that prices are likely to go even higher.<\/p>\n

Spokesperson Lauren Cooney said there was a misconception that fuel companies were overcharging motorists, but in fact retail margins were reasonably low.<\/p>\n

\u201cFor example, the current average retail margin on diesel sold in Brisbane is 9.5 cents per litre, usually this sits at around 12 cents per litre,” Ms Cooney said.<\/p>\n

She said exceptionally high diesel prices were being experienced across the world.<\/p>\n

\u201cRussia is a major manufacturer and distributor of diesel, especially to the European market. With the ongoing war in Ukraine and sanctions against Russian exports, the global supply of diesel has fallen significantly, causing wholesale prices to rise and remain incredibly high,\u201d she said.<\/p>\n

\u201cDiesel is an industry fuel and is used far more than unleaded, for example in Queensland we consume more than twice as much diesel as we do petrol.<\/strong><\/p>\n

\u201cThe production cost of diesel is similar to unleaded and both products are processed similarly. It\u2019s supply and demand factors that are pushing up prices, rather than the productions costs.<\/p>\n

\u201cThe current average wholesale price of diesel in Brisbane is 226 cents per litre (cpl) which is about 50 cents higher than the unleaded wholesale price of 175cpl. In normal times the local wholesale prices and international benchmark prices for unleaded and diesel would be very similar, usually no more than a few cents difference.<\/p>\n

\u201cWith retail margins currently low for diesel, the bad news is prices are likely to continue to creep a little higher.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The RACQ has told motorists to blame international factors, rather than overcharging, for the current high price of diesel fuel.<\/p>\n","protected":false},"author":20,"featured_media":325338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,3],"tags":[],"yoast_head":"\nDiesel To Continue Rising: RACQ - southburnett.com.au<\/title>\n<meta name=\"description\" content=\"The RACQ has told motorists to blame international factors, rather than overcharging, for the current high price of diesel fuel.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2022\/10\/25\/diesel-to-continue-rising-racq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diesel To Continue Rising: RACQ - southburnett.com.au\" \/>\n<meta property=\"og:description\" content=\"The RACQ has told motorists to blame international factors, rather than overcharging, for the current high price of diesel fuel.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/southburnett.com.au\/news2\/2022\/10\/25\/diesel-to-continue-rising-racq\/\" \/>\n<meta property=\"og:site_name\" content=\"southburnett.com.au\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-25T03:12:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2022\/10\/20221025diesel.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"460\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anne Miller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anne Miller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/2022\/10\/25\/diesel-to-continue-rising-racq\/\",\"url\":\"https:\/\/southburnett.com.au\/news2\/2022\/10\/25\/diesel-to-continue-rising-racq\/\",\"name\":\"Diesel To Continue Rising: RACQ - 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