Creeping margins result in ratings drop
Wednesday, 15th Mar 2017
Regional fuel retailers’ margins crept higher in February, causing a drop in the latest Regional Fuel Ratings results.
RAA Senior Analyst Chris West said the overall regional fuel ratings dropped to 2.6 in February, down from 3.2 the previous month.
“Many retailers received a drop in their cost price due to falling commodity prices in February, but many pocketed this for themselves, rather than passing it onto motorists as lower pump prices,” said Mr West.
Overall, Port Augusta again had the fairest fuel prices, but their score dropped to 3.7 out of 5. Ceduna (3.3) and Port Lincoln (3.3) complete the top three towns.
“Wholesale prices began to dip 2-3 cents per litre in late February, and we would expect to see this reflected in country pump prices,” said Mr West.
Port Augusta petrol prices were rated Very Fair (4.2 out of 5), followed by Ceduna (3.5) and Broken Hill (3.0).
For diesel, Port Lincoln was rated as Very Fair (4.1 out of 5), followed by Ceduna (3.6) and Port Augusta (3.5)
While Renmark had the fairest LPG prices (3.8 out of 5), followed by Broken Hill (3.7) and Whyalla (3.2).
For the remainder of March, pump prices are expected to continue to fall to reflect falling international commodity prices.
To find out where the best priced fuel in your part of South Australia is, visit www.raa.com.au/regionalfuel
REGIONAL FUEL RATINGS - FEBRUARY
- Pt Augusta 3.7
- Ceduna 3.3
- Pt Lincoln 3.3
- Broken Hill (NSW) 2.9
- Naracoorte 2.6
- Victor Harbor 2.6
- Tailem Bend 2.3
- Whyalla 2.3
- Mt Gambier 2.3
- Kadina 2.2
- Renmark 2.1
- Murray Bridge 2.1
- Bordertown 2.1
- Loxton 2.1
- Pt Pirie 1.7