As expected this week we can expect new retail price cycles to start taking hold in major the major capitals. However we’re also expecting Perth to peak again on Wednesday. With the combined effect of this timing we could see Australian average price peaks to one of the highest we’ve seen this year.
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Brisbane
Current ULP average: 192.2cpl
Price range over the last week: 167.3cpl – 218.9cpl
Big jump in ULP prices in Brisbane this week, with more locations moving up to the new peak price 214.9cpl.
Sydney
Current ULP average: 190.6cpl
Price range over the last week: 161.8cpl – 216.9cpl
We’re expecting to see a similar rise in Sydney, mire retailers will be putting prices up during their price cycle.
Melbourne
Current ULP average: 197.1cpl
Price range over the last week: 148.3cpl – 220.0cpl
Melbourne has taken over as the most expensive capital for ULP as more retailers continue to put prices up to 214.9cpl.
Adelaide
Current ULP average: 175.4cpl
Price range over the last week: 149.3cpl – 221.4cpl
Short price cycle last week for Adelaide, as expected ULP prices quickly came down to as low as 165.9cpl. If you’re in Adelaide, this week is a good week to fill up!
Perth
Current ULP average: 178.2cpl
Price range over the last week: 166.7cpl – 209.9cpl
With Perth at the bottom of the price cycle, we’re expecting to see the next spike on Wednesday with ULP prices to estimate to be around 214.9cpl.
Darwin (no price cycle)
Current ULP average: 189.6cpl
Price range over the last week: 183.5cpl – 191.9cpl
Little movement for Darwin this week.
Hobart (no price cycle)
Current ULP average: 193.7cpl
Price range over the last week: 169.9cpl – 200.0cpl
A similar story for Hobart as well, very little change from last week.
Retail diesel prices
Current Diesel averages:
ACT – 236.8cpl
Adelaide – 230.8cpl
Brisbane – 237.6cpl
Darwin – 239.4cpl
Hobart – 243.8cpl
Melbourne – 236.9cpl
Perth – 234.5cpl
Sydney – 237.1cpl
Steady week for retail diesel prices with a slight drop on majority of the capital cities. Adelaide still ranking as the cheapest this week.
Wholesale trends
Wholesale petrol prices decreased this week with average TGP prices going down by 1.2cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 6.0cpl.
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Information is based on average price trends up to 10 am AEDT on 31 October 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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