An unusually long fuel cycle is being blamed for consistently high petrol prices in Brisbane.

RACQ’s economist and affordability specialist, Dr Ian Jeffreys, says there are a couple of factors for the extended cycle.

“Fuel companies were [also] just very slow to discount their prices; it took them three weeks for them to come from the low point to the high point,” he told 4BC Afternoons.

Afternoons host, Sofie Formica, criticised fuel companies for keeping prices high after oil prices fell.

“The cost of petroleum plunged to four-year lows, and yet motorists are seeing little relief at the petrol pump, despite the fact that we’ve had months of depressed crude prices,” she said.

Hear more highlights from Sofie Formica below and download the 4BC App on iOS or Android to ensure you don’t miss a thing!

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