APCO has thanked locals for their support and patience, confirming strong demand has caused temporary stock shortages at all locations.
The Geelong-based company said they’ve experienced an unprecedented jump in wholesale fuel costs since the start of the month, with Director Peter Anderson assuring customers prices at the pump have only been adjusted in line with these increases.
“Our approach has always been to price fairly and responsibly. We are not increasing margins to take advantage of the situation, that simply is not in our DNA,” he said.
The company maintains they’re committed to providing customers with the best value possible, noting that wholesale prices are unpredictable and can change daily.
Restock work is continuing as the servos look to meet the heightened demand.
As of Wednesday afternoon, the lowest petrol prices across Greater Geelong saw Unleaded 91 at 199.9 cents per litre.
It comes as the state government’s new fuel price caps and reporting laws come into effect this week.
