Taking a look at the current Brisbane price cycle, this could be the insight into how the dynamic of the retail fuel market will take effect on capital cities. As we continue to see declining demand on petrol over the next few years it’s extremely likely we will see new pricing patterns emerge. Though for now, it’s difficult to determine how this will place retails, as lower demands means more competition. Though for now, the price cycles for most major cities has been slow, if you are in Adelaide or Brisbane – now is the time to fill up!

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Brisbane

Current ULP average: 181.3cpl

Price range over the last week: 163.9cpl – 228.9cpl

We’ve seen slow movement in prices for Brisbane over the last few weeks. The good news is for motorists there are still many retailers with lower prices around in suburbs.

Sydney

Current ULP average: 201.6cpl

Price range over the last week: 162.7cpl – 213.9cpl

Sydney’s unleaded price continues to climb over the past week with retailers likely to continue to increase the prices in the new peak. This making Sydney the highest average prices this week.

Melbourne

Current ULP average: 191.0cpl

Price range over the last week: 157.9cpl – 215.0cpl

Melbourne unleaded prices also continued to increase over the last week – with more than 50% of retailers increasing their prices.

Adelaide

Current ULP average: 171.7ccpl

Price range over the last week: 159.5cpl – 204.2cpl

This may not last long however as another price cycle is likely to be just around the corner.

Perth

Current ULP average: 170.3cpl

Price range over the last week: 162.5cpl – 209.9cpl

Similar to last week, Perth  can expect another another peak of 209.9cpl again this Wednesday.

Darwin (no price cycle)

Current ULP average: 177.0cpl

Price range over the last week: 169.5cpl – 185.9cpl

Similar to last week,  a  slight increase for Darwin over the past week.

Hobart (no price cycle)

Current ULP average: = 184.5cpl

Price range over the last week: 174.9cpl – 195.8cpl

Similar to Darwin Hobart saw a small rise in the past week.

Retail diesel prices

Current Diesel averages:

ACT – 211.7cpl

Adelaide – 194.5cpl

Brisbane – 203.6cpl

Darwin – 216.8cpl

Hobart – 210.5cpl

Melbourne – 202.5cpl

Perth – 192.9cpl

Sydney – 202.8cpl

Majority of capital cities saw retail diesel prices fall by a few cents over the last week. We’re likely to see this happen again over the following week – depending on the wholesale trends.

Wholesale trends

Wholesale petrol prices increased this week with average TGP prices going up by 0.2cpl.

Wholesale diesel prices decreased this week with average TGP prices going down by 4.6cpl.

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 13 February 2023. 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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