Over the next week, we’re expecting to see a glimpse of what the likely peak prices will be in the major cities. Though it’s expected both Perth and Adelaide will see ULP prices to increase over 220cpl. This would take us to the historical high prices we saw before the excise reductions earlier in the year. Motorists in Perth, now is the time to fill up – but be quick with price cycles looking to jump over the next week.
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Current ULP average: 203.8cpl
Price range over the last week: 172.9cpl – 218.9cpl
We saw a slight drop in ULP prices in Brisbane this week.
Current ULP average: 204.0cpl
Price range over the last week: 173.9cpl – 216.9cpl
Sydney will experience a similar phase of the price cycle as Brisbane – though we expect this may be slightly lagged a little.
Current ULP average: 201.2cpl
Price range over the last week: 179.9cpl – 224.9cpl
Of all capitals, Melbourne’s prices dropped over the last week with discounting across retailers also kicking in over the week. Though, motorists will need to wait another 2 weeks before filling up!
Current ULP average: 189.7cpl
Price range over the last week: 165.5cpl – 221.9cpl
Adelaide has prices have decreased from its peak last week of 214.9cpl for ULP. We expect further falls for another week or so before the next spike.
Current ULP average: 181.5cpl
Price range over the last week: 165.7cpl – 209.9cpl
Over the last week, there was an unusual trend with a short jump in ULP prices halfway through the normal cycle. Although this makes the current average much higher than it would ordinarily be expected. We are expecting to a price jump with prices expected to go over 220cpl.
Darwin (no price cycle)
Current ULP average: 189.0cpl
Price range over the last week: 181.5cpl – 193.9cpl
Little movement again for Darwin again this week.
Hobart (no price cycle)
Current ULP average: 194.7cpl
Price range over the last week: 181.6cpl – 203.9cpl
No significant movement in Hobart over the past week. We’re expecting to see prices to rise over the next week.
Retail diesel prices
Current Diesel averages:
ACT – 236.0cpl
Adelaide – 228.6cpl
Brisbane – 237.0cpl
Darwin – 238.8cpl
Hobart – 243.6cpl
Melbourne – 235.6cpl
Perth – 230.2cpl
Sydney – 235.9cpl
Diesel prices dropped slightly in most of the capitals, with these to remain steady for the coming period too.
Wholesale petrol prices increased this week with average TGP prices going up by 6.1cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 2.3cpl.
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Information is based on average price trends up to 10 am AEDT on 14 November 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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