Price cycles for Brisbane, Sydney and Melbourne are likely to hit the peak of the price cycle by Wednesday or Thursday this week. Retailers will try to avoid putting prices up before the holiday break – we’ll continue to monitor the price cycles. For the meantime, all major states apart from Perth, now is a great time to fill up just before the holiday break!
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Brisbane
Current ULP average: 173.6cpl
Price range over the last week: 158.9cpl – 228.9cpl
Brisbane saw a new price cycle this week – though it’s been a slow spread we are now seeing approximately 20% of retailers moving prices up to 199.9 for ULP.
Sydney
Current ULP average: 178.2cpl
Price range over the last week: 150.9cpl – 209.9cpl
Similar to Brisbane the new cycle in Sydney is considered the most advance across the east coast with almost 27% of retailers increasing ULP prices to 205.9cpl
Melbourne
Current ULP average: 172.7cpl
Price range over the last week: 154.9cpl – 210.8cpl
Slightly different for motorists in Melbourne, 15 of retail locations have moved their ULP prices to 199.9cpl but we are expecting to see this spread across the city quickly in the next few days.
Adelaide
Current ULP average: 168.4cpl
Price range over the last week: 157.3cpl – 204.2cpl
Adelaide’s prices dropped over the last week with ULP prices at 199.9cpl. Motorists in Adelaide may be able to see lower prices now until Christmas as long as there is no unforeseeable price jump within the next few days.
Perth
Current ULP average: 162.1cpl
Price range over the last week: 152.3cpl – 199.9cpl
Prices in Perth are at the bottom of the price cycle with ULP prices about to increase up to 199.9cpl this coming Wednesday.
Darwin (no price cycle)
Current ULP average: 179.1cpl
Price range over the last week: 172.5cpl – 189.9cpl
Very small drop for Darwin prices over the week.
Hobart (no price cycle)
Current ULP average: 184.1cpl
Price range over the last week: 172.9cpl – 199.9cpl
Hobart prices fell almost 5cpl in the last week.
Retail diesel prices
Current Diesel averages:
ACT – 221.4cpl
Adelaide – 201.3cpl,
Brisbane – 217.9cpl
Darwin – 223.6cpl
Hobart – 220.4cpl
Melbourne – 216.6cpl
Perth – 196.9cpl
Sydney – 212.8cpl
Retail diesel continues to drop off the back of the recent wholesale price drops, though we may start to see prices spike up again within the next week or so, thanks to wholesale prices spiking soon.
Wholesale trends
Wholesale petrol prices decreased this week with average TGP prices going up/going down by 3.3cpl.
Wholesale diesel prices decreased this week with average TGP prices going up/going down by 2.3cpl.
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Information is based on average price trends up to 10 am AEDT on 19 December 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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