The capitals have been preparing themselves for record-breaking prices this week, with many looking forward to the prices at the bottom of the fuel price cycles.

However, drivers should note that the current prices might be the best we’re going to get for some time. If wholesale prices continue to rise, it will be hard to find ULP for less than 170cpl.

 

Brisbane

Current ULP average: 189.7cpl

Price range over the last week: 150.9cpl – 203.9cpl

Brisbane’s fuel price cycle has now peaked, with drivers having no options for cheaper fuel. As Brisbane is approaching the bottom of the cycle in about three weeks, the average price for ULP is not likely to decrease much lower than 170cpl before starting to increase again.

 

Sydney

Current ULP average: 177.0cpl

Price range over the last week: 154.5cpl – 199.9cpl

The ULP prices in Sydney are likely to increase even further. Some sites are yet to increase their prices to what we’ve witnessed in the northern and eastern suburbs.

 

Melbourne

Current ULP average: 179.2cpl

Price range over the last week: 152.9cpl – 216.7cpl

The fuel price peak for Melbourne seems to have passed. The prices are going down, although slowly.

 

Adelaide

Current ULP average: 164.9cpl

Price range over the last week: 152.9cpl – 185.1cpl

We’re not seeing any signs of a new price cycle for Adelaide yet, but it’s likely it will take place in the next few days. The prices are likely to be in the high 190s.

 

Perth

Current ULP average: 180.8cpl

Price range over the last week: 159.5cpl – 199.9cpl

This week is mid-cycle for Perth, with an expected low point to be next week Tuesday, 22 February 2022.

 

Darwin

Current ULP average: 184.0cpl

Price range over the last week: 131.9cpl – 187.9cpl

Darwin’s fuel prices are increasing again this week.

Hobart

Current ULP average: 184.3cpl

Price range over the last week: 156.9cpl – 189.9cpl

Hobart’s prices experienced a similar increase to last week.

 

Retail diesel prices

Current Diesel averages:

ACT – 179.8cpl

Adelaide – 176.7cpl

Brisbane – 178.7cpl

Darwin – 184.3cpl

Hobart – 185.0cpl

Melbourne – 177.6cpl

Perth – 176.2cpl

Sydney – 176.8cpl

 

There’s been another increase in diesel prices in all capitals this week.

 

Wholesale trends

Another climb in wholesale petrol prices this week, with average TGP prices rising by 2.1cpl.

Wholesale diesel prices rose again this week, with average TGP prices increasing by 2.1cpl.

 

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 14 February 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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