The threat of oil and gas supply restrictions are severely impacting crude and finished product prices – so retail fuel prices are taking yet another beating. Melbourne, Sydney and Brisbane have all entered new price cycles, and if it wasn’t for the current fuel excise relief, these cities would be posting record-high average prices.
Current ULP average: 190.3cpl
Price range over the last week: 164.9cpl – 219.9cpl
Average unleaded petrol prices hit the 219.9cpl mark last week in Brisbane, as the new price cycle begun. Around 30% of retailers across the city were posting this peak fuel price as of Monday this week.
Current ULP average: 190.9cpl
Price range over the last week: 165.7cpl – 229.9cpl
Sydney was pretty much a mirror image of Brisbane, with roughly 30% of sites posting a 219.9cpl fuel price this week.
Current ULP average: 201.6cpl
Price range over the last week: 156.9cpl – 220.6cpl
Melbourne is currently the highest priced city of the capitals in terms of the average price of ULP, with around 70% of retailers posting a fuel price of 215.9cpl this week.
Current ULP average: 178.2cpl
Price range over the last week: 169.7cpl – 219.7cpl
There is a downward trend for fuel prices in Adelaide this week coming off last week’s cycle peak, however with wholesale prices on the way up, there may very well be another peak within the coming week.
Current ULP average: 177.4cpl
Price range over the last week: 162.7cpl – 199.9cpl
Fuel prices in Perth are due to peak at around the 210cpl mark next Wednesday (18th), so motorists should take advantage of bottom of the cycle pump prices now.
Darwin (no price cycle)
Current ULP average: 192.0cpl
Price range over the last week: 131.9cpl – 193.9cpl
Higher average fuel prices in Darwin reflected the wholesale price increases, with further upward movement imminent.
Hobart (no price cycle)
Current ULP average: 194.8cpl
Price range over the last week: 168.9cpl – 219.9cpl
As per the situation in Darwin, wholesale fuel prices are driving up current petrol prices, with more increases to come.
Retail diesel prices
Current Diesel averages:
ACT – 205.6cpl
Adelaide – 207.5cpl
Brisbane – 210.6cpl
Darwin – 208.9cpl
Hobart – 218.9cpl
Melbourne – 208.7cpl
Perth – 205.6cpl
Sydney – 208.3cpl
Hobart experienced a large 7cpl increase in diesel prices this week, with all other capitals holding steady.
Wholesale petrol prices rose this week, with average TGP prices increasing by 4.6cpl.
Wholesale diesel prices decreased his week, with average TGP prices slightly dropping by 1.5cpl.
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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 16 May 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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