Some interesting movement in fuel prices ahead of the Australia Day public holiday next week. While Perth motorists can expect to see the low point in their cycle around the 25th, retailers in all other capitals are increasing their pump prices. Brisbane is leading the way with a 182.6cpl average cost for unleaded petrol at the moment.

 

Brisbane

Current ULP average: 182.6cpl

Price range over the last week: 139.5cpl – 191.9cpl

Brisbane holds the title for highest average petrol price out of all the capitals this week, and is clearly at the top of its current fuel price cycle.

 

Sydney

Current ULP average: 171.0cpl

Price range over the last week: 140.9cpl – 191.9cpl

The current trend across Sydney is seeing more and more retailers hiking up fuel prices over the past week, indicating that it is close to reaching the peak of its petrol price cycle.

 

Melbourne

Current ULP average: 167.5cpl

Price range over the last week: 139.9cpl – 183.8cpl

Wholesale prices are on the way up so Melbourne motorists can expect to see rising fuel price trends over the coming weeks. The current price cycle peaked lower than that of Brisbane’s, indicating that the current petrol prices are not going to last long.

 

Adelaide

Current ULP average: 150.8cpl

Price range over the last week: 133.9cpl – 188.0cpl

Adelaide is very likely to make a huge leap from cheapest to most expensive capital over the next few days – many retailers have already changed their price for unleaded petrol to 187.9cpl.

 

Perth

Current ULP average: 169.6cpl

Price range over the last week: 144.7cpl – 187.9cpl

Perth motorists can expect to see the low part of the current fuel price cycle around Australia Day.

 

Darwin

Current ULP average: 168.5cpl

Price range over the last week: 131.9cpl – 169.9cpl

 

Hobart

Current ULP average: 177.2cpl

Price range over the last week: 156.9cpl – 183.6cpl

 

Retail diesel prices

Current Diesel averages:

ACT – 167.9cpl

Adelaide – 160.9cpl 

Brisbane – 164.6cpl  

Darwin – 165.8cpl 

Hobart – 174.8cpl  

Melbourne – 164.2cpl

Perth – 163.0cpl 

Sydney – 163.4cpl

Due to recent increases in wholesale fuel prices, retail diesel prices can be expected to follow suit over the coming weeks.

 

Wholesale trends

An increase in wholesale petrol prices this week, with average TGP prices rising by 2.4cpl.

There was also a significant increase in wholesale diesel prices, with average TGP prices jumping by 4.5cpl this week.

 

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 17 January 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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