The identity of a cyclist killed on a rural Queensland road has been revealed as police search for the driver who failed to stop.

The identity of a cyclist killed by a hit-and-run driver in southern Queensland has been revealed.

Police say Martin Pearson, 61, was run down and killed on Anzac Day afternoon at Inglewood, in the Darling Downs.

The man from Lowood, northwest of Ipswich, died after a vehicle struck him between 2.30pm and 3.25pm on Friday.

Police are appealing for information to find the driver, who failed to stop.