Wholesale prices increased significantly over the past week – which means the likelihood of fuel discounting in the near future is slowly diminishing. This will reflect in new price cycle trends across the country, which are now set to occur sooner rather than later.
Current ULP average: 180.4cpl
Price range over the last week: 163.0cpl – 210.9cpl
Wholesale fuel price jumps have resulted in slow discounting trends from retailers across Brisbane.
Current ULP average: 179.4cpl
Price range over the last week: 158.5cpl – 229.9cpl
Again, very slow movements on petrol prices in Sydney this week – most retailers only decreased fuel prices by around 5.5cpl.
Current ULP average: 173.7cpl
Price range over the last week: 157.9cpl – 212.0cpl
The fast jump in wholesale fuel prices has caused retailers in Melbourne reluctant to to make any significant changes to pump prices this week.
Current ULP average: 187.1cpl
Price range over the last week: 154.9cpl – 219.7cpl
While a small number of retailers have retained pump prices in the 160’s, this will not be the case for much longer. The new average peak fuel price of 203.9cpl is the norm for the majority of service stations around the city at the moment, and the current trend will see petrol prices increase even further.
Current ULP average: 181.0cpl
Price range over the last week: 155.3cpl – 203.7cpl
Petrol prices in Perth are midway through the current fuel price cycle, with the low point due around next Tuesday.
Darwin (no price cycle)
Current ULP average: 187.7cpl
Price range over the last week: 131.9cpl – 189.9cpl
Only a slight increase in average fuel prices in Darwin this week, however this will be short lived as rising wholesale prices will be sure to drive up petrol prices even more.
Hobart (no price cycle)
Current ULP average: 188.5cpl
Price range over the last week: 163.9cpl -219.9cpl
Wholesale fuel price increases will continue to cause a rise in pump prices across Hobart.
Retail diesel prices
Current Diesel averages:
ACT – 206.8cpl
Adelaide – 205.1cpl
Brisbane – 205.3cpl
Hobart – 211.8cpl
Melbourne – 203.0cpl
Perth – 200.5cpl
Sydney – 203.6cpl
As per the usual trends with diesel, increases in wholesale prices caused an increase in retail prices across the country.
Wholesale petrol prices rose this week, with average TGP prices increasing steadily by 10.2cpl.
Wholesale diesel prices also increased this week, with average TGP prices significantly rising by 11.0cpl.
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Information is based on average price trends up to 10 am AEDT on 9 May 2022. The predictions are based on past fuel price trends and estimated forecasts, and should not be taken as a guarantee of actual or future performance. Fuel price data is aggregated from state government price reporting schemes and from WEX Australia fuel card transactions. Please note: Hobart and Darwin do not experience price cycles.
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