The retail petrol markets continue to move very slowly on the East Coast at the moment. It’s been 9 weeks since the start of the last price cycle in Sydney. Some of this is due to wholesale prices falling, however there seems to be a more structural shift in the price cycle dynamics here.
Current ULP average: 178.1cpl
Price range over the last week: 165.5cpl – 219.9cpl
Brisbane prices continue to fall slowly. This is the fifth week of the discount phase of the price cycle.
Current ULP average: 170.6cpl
Price range over the last week: 159.9cpl – 199.9cpl
Sydney prices fell 4cpl during the course of last week. This is a real sign that we are at the bottom of the price cycle here.
Current ULP average: 175.0cpl
Price range over the last week: 160.9cpl – 199.9cpl
Melbourne was similar to Sydney, however it probably still has another week to get to the bottom of the price cycle.
Current ULP average: 178.0cpl
Price range over the last week: 149.9cpl – 207.9cpl
Adelaide prices have fallen substantially since the last (short-lived) peak almost two weeks ago. We can expect another price spike in the next week or so.
Current ULP average: 166.2cpl
Price range over the last week: 157.9cpl – 201.9cpl
Perth average prices are coming down with wholesale price relief and we could even expect to see Wednesday’s next peak under the $2pl mark.
Current ULP average: 181.5cpl
Price range over the last week: 175.5cpl – 184.9cpl
Very little movement for Darwin last week.
Current ULP average: 186.5cpl
Price range over the last week: 177.9cpl – 197.9cpl
Prices fell in Hobart in line with recent wholesale price movements.
Retail diesel prices
Current Diesel averages:
ACT – 197.8cpl
Adelaide – 178.0cpl
Brisbane – 189.5cpl
Darwin – 206.4cpl
Hobart – 194.8cpl
Melbourne – 188.7cpl
Perth – 179.6cpl
Sydney – 187.7cpl
Further small drops in retail price across the country. Adelaide is again the lowest priced capital.
Wholesale petrol prices decreased this week with average TGP prices going down by 3.3cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 1.7cpl.
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Information is based on average price trends up to 10 am AEDT on 15 May 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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