No retail price jumps this week across Brisbane, Sydney, Melbourne and Adelaide, likely to be a result of the reinstatement of the fuel excise. However, we did see a peak in the price cycles across the major states. Giving the ability to retails to absorb additional costs into their margin. We’re expecting to see the full cost of the fuel to replenish stock – likely to put pressure on a few rounds of the next price cycles. But also, Expect to see new ULP prices to be over $2pl shortly – we’ll keep you updated on when these are likely to take effect!
Stay in the know, subscribe to the blog as we keep you up-to-date on these upcoming changes.
Current ULP average: 180.0cpl
Price range over the last week: 155.9cpl – 210.9cpl
With the reinstatement of the fuel excise average prices have fallen in Brisbane this week – we’re expecting to see a new price cycle within the next two weeks with ULP prices to be over $2pl again.
Current ULP average: 179.2cpl
Price range over the last week: 163.9cpl – 201.9cpl
As always Sydney closely following the same situation as Brisbane and Melbourne – expect to see a new cycle within the next few weeks.
Current ULP average: 180.2cpl
Price range over the last week: 164.9cpl – 200.9cpl
Closely followed by Melbourne, expect to see the same trend as Brisbane and Sydney.
Current ULP average: 183.7cpl
Price range over the last week: 167.9cpl – 219.7cpl
Unlike the other east-coast capitals prices dropped slightly dropped however the average is sitting higher this week.
Current ULP average: 177.5cpl
Price range over the last week: 155.7cpl – 203.7cpl
Perth is in the midst of their cycle at the moment, with the next peak expected to hit next Wednesday 19 October. We’ll expect to see ULP prices over $2pl.
Darwin (no price cycle)
Current ULP average: 175.8cpl
Price range over the last week: 163.5cpl – 180.9cpl
Slight increase for Darwin this week despite the effects of the fuel excise. We’re expecting another rise over the coming week.
Hobart (no price cycle)
Current ULP average: 183.5cpl
Price range over the last week: 158.9cpl – 195.9cpl
Closely following behind, Hobart is in a similar situation to Darwin with a small increase of prices with prices to flow through over the coming week.
Retail diesel prices
Current Diesel averages:
ACT – 215.1cpl
Adelaide – 212.8cpl
Brisbane – 213.0cpl
Darwin – 210.8cpl
Hobart – 217.3cpl
Melbourne – 212.2cpl
Perth – 211.4cpl
Sydney – 214.4cpl
Slight spike at the end of the week saw diesel prices increase – as predicted we expect wholesale prices to jump and this is only the start!
Wholesale petrol prices increased this week with average TGP prices going up by 1.0cpl.
Wholesale diesel prices increased this week with average TGP prices going up by 8.7cpl.
Get the app
If you’re a WEX Motorpass account or cardholder and want to take advantage of the cheapest fuel in your area, make sure to download the WEX Motorpass Driver app.
Information is based on average price trends up to 10 am AEDT on 10 October 2022.
Sign up for weekly fuel price updates
Get the fuel price insights directly to your inbox every Tuesday.