With wholesale prices for petrol dropping rapidly over the last week this has provided some relief for motorists both in capital cities as well as the regions. This could also mean that we may see another week or so before a new price cycle will happen, especially in Brisbane and Sydney. While Adelaide’s discount cycle has dropped since the last major highpoint of 239.9c/l over three weeks ago, making Adelaide the lowest priced capital in the country this week.
Brisbane
Current ULP average: 191.1cpl
Price range over the last week: 177.9cpl – 239.9cpl
Due to the rapid drop of whole sale prices, Brisbane’s average price continues to drop with no signs of a new price cycle yet.
Sydney
Current ULP average: 192.4cpl
Price range over the last week: 167.5cpl – 229.9cpl
Similar to Brisbane, Sydney’s price cycles may be delayed due to wholesale price decreases.
Melbourne
Current ULP average: 215.5pl
Price range over the last week: 179.9cpl – 241.2cpl
This week Melbourne takes the spot for the highest ULP this week with wholesale prices have started to drop before the price cycle.
Adelaide
Current ULP average: 171.9cpl
Price range over the last week: 162.9cpl – 219.7cpl
Adelaide is the fast becoming the front leader for the lowest priced capital city, with prices staying low for another week. Though, there is another price cycle expected shortly though.
Perth
Current ULP average: 186.1cpl
Price range over the last week: 163.5cpl – 225.9cpl
Perth is currently in its mid-cycle this week with prices set to jump next Wednesday 27 July.
Darwin (no price cycle)
Current ULP average: 208.1cpl
Price range over the last week: 203.5cpl – 209.9cpl
No changes for Darwin this week.
Hobart (no price cycle)
Current ULP average: 208.9cpl
Price range over the last week: 183.9cpl – 227.9cpl
With wholesale prices coming down, there’s been a significant fall in Hobart.
Retail diesel prices
Current Diesel averages:
ACT – 231.9cpl
Adelaide – 225.4cpl
Brisbane – 232.6cpl
Darwin – 234.2cpl
Hobart – 230.7cpl
Melbourne – 230.3cpl
Perth – 224.1cpl
Sydney – 228.9cpl
Diesel prices continued to drop this week, and forecasted to continue within the next coming week, with Perth maintaining it’s lowest average again this week.
Wholesale trends
Wholesale petrol prices dropped significantly this week, with average TGP prices decreasing by 17.9cpl.
Wholesale diesel prices also decreased this week, with average TGP prices dropping by a huge 8.7cpl.
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Information is based on average price trends up to 10 am AEDT on 18 July 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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