Continued volatility in the crude oil trading market and huge increases in Singapore spot prices for both petrol and diesel has led to record breaking prices across the board, with retailers reacting accordingly.  Now more than ever, motorists need to shop around as a few cents can make a huge difference in the total cost to fill up a tank.

 

Brisbane

Current ULP average: 217.9cpl

Price range over the last week: 173.9cpl – 223.9cpl

 

Sydney

Current ULP average: 215.9cpl

Price range over the last week: 171.9cpl – 230.0cpl

 

Melbourne

Current ULP average: 207.8cpl

Price range over the last week: 169.9cpl – 225.7cpl

 

Adelaide

Current ULP average: 217.5cpl

Price range over the last week: 170.6cpl – 226.8cpl

 

Perth

Current ULP average: 208.9cpl

Price range over the last week: 168.7cpl – 228.98cpl

 

Darwin

Current ULP average: 206.4cpl

Price range over the last week: 189.5cpl – 211.9cpl

Hobart

Current ULP average: 215.2cpl

Price range over the last week: 192.9cpl – 231.9cpl

 

Retail diesel prices

Current Diesel averages:

ACT – 223.4cpl

Adelaide – 217.8cpl

Brisbane – 221.1cpl

Darwin – 221.1cpl

Hobart – 221.6cpl

Melbourne – 217.2cpl

Perth – 217.0cpl

Sydney – 220.1cpl

Terminal Gate AUD prices increased significantly due to the rise in the Singapore spot price, causing the cost of diesel to surpass the cost of other fuels this week. Retailers were quick to react and adjusted their prices accordingly.

 

Wholesale trends

Wholesale petrol prices shot up this week with average TGP prices increasing significantly by 19.0cpl.

Wholesale diesel prices increased this week with average TGP prices rising by a massive 34.1cpl.

 

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 March 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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