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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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.
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.
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.
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.
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 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.
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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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