Another slow week for the east coast price cycles despite some relief in wholesale prices. This adds weight to the theory that the overall price cycle dynamics could be changing, and we could expect to see prices fall more slowly in the future. Whilst we may see the overall prices stay the same, it could make it difficult for motorists to buy regularly at the lower end. The cycles in Adelaide and Perth, by comparison, allow price-conscious motorists the opportunity to buy at the low point every 1-2 weeks.
Current ULP average: 193.6cpl
Price range over the last week: 167.5cpl – 222.9cpl
The average unleaded 91 price in Brisbane fell by 5.7cpl over the course of the week. This is again a small drop for this stage of the price cycle.
Current ULP average: 188.2cpl
Price range over the last week: 166.7cpl – 211.9cpl
Sydney’s discounting continued at a more rapid pace last week as we get closer to reaching the bottom of the price cycle. However, this still could be another 2 weeks away.
Current ULP average: 184.1cpl
Price range over the last week: 169.1cpl – 204.5cpl
Melbourne prices were slow to fall last week, the average unleaded 91 price only dropping by approx. 4.5cpl.
Current ULP average: 169.4cpl
Price range over the last week: 159.5cpl – 209.9cpl
Adelaide is hitting the bottom of the price cycle now, and is the lowest priced capital right now.
Current ULP average: 176.5cpl
Price range over the last week: 168.7cpl – 209.9cpl
The average price for Perth has dropped over the past week, most probably due to falls in wholesale prices. We may see the new peak price on Wednesday a bit lower than last – at around 205.9cpl.
Current ULP average: 182.9cpl
Price range over the last week: 176.5cpl – 187.9cpl
A very small drop in average prices for Darwin.
Current ULP average: 193.7cpl
Price range over the last week: 185.9cpl – 201.9cpl
Hobart was similar to Darwin again, with a very small drop in prices over the past week.
Retail diesel prices
Current Diesel averages:
ACT – 202.5cpl
Adelaide – 181.4cpl
Brisbane – 195.8cpl
Darwin – 209.2cpl
Hobart – 205.3cpl
Melbourne – 194.3cpl
Perth – 187.3cpl
Sydney – 194.9cpl
Small falls in retail diesel prices across almost all capitals in the past week. Expect more to come here because of recent wholesale price drops.
Wholesale petrol prices decreased this week with average TGP prices going down by 5.1cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 3.3cpl.
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Information is based on average price trends up to 10 am AEDT on 1 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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