Fuel prices in south-east Queensland are expected to jump to a new three-year high by tomorrow (Saturday), surpassing last week’s peak since the GFC of an average 152.6 cents per litre.
RACQ Executive Manager Advocacy, Lynda Schekoske, said 27 percent of service stations in Brisbane had already moved their prices to 154.9cpl and others were expected to follow throughout today.
“We’re expecting unleaded petrol prices to exceed last week’s average high of 152.6cpl, which set a record high since the onset of the Global Financial Crisis in August 2008.” said Schekoske.
Amanda Lee & Co Banking & Finance Specialist Loren Cowling says “The rising of the Australian dollar over the last few days has not been enough to offset the rising price of oil”.
The impact will be felt by business. With everyday running costs increasing, now more than ever business owners must focus on streamlining operations and speeding up their cash flow cycle.
Amanda Lee & Co believes that no business can afford to lose customers, however no business can afford to wait to be paid.
Amanda Lee & Co Overdue Accounts Specialists are skilled at turning difficult payers into highly profitable, loyal clients who pay on time.
Contact Amanda Lee & Co today to arrange a free assessment of your Accounts Receivable process.