Now is the time to fill up across all major cities, with the reinstatement of full fuel exise expected on September 29 retailers will be looking to have fuel takes before this date. There are number of considerations that fuel retailers will be looking despite margins being low in previous weeks. No doubt retailers will be looking to have the petrol price cycle to be near the top.
Brisbane
Current ULP average: 176.8cpl
Price range over the last week: 147.9cpl – 197.9cpl
Brisbane is at the start of a new price cycle, with approx. 40% of retailers putting their ULP prices up to 9cpl.
Sydney
Current ULP average: 169.9cpl
Price range over the last week: 141.5cpl – 205.9cpl
Sydney is currently it the early stage of the new price cycle with approximately 30% of locations up at 195.9cpl for ULP.
Melbourne
Current ULP average: 162.9cpl
Price range over the last week: 139.9cpl – 200.7cpl
Melbourne is slightly behind Brisbane and Sydney with approximately 20% of locations are at 195.5cpl for ULP. We’re expecting this to continue for the remainder of the coming week.
Adelaide
Current ULP average:155.5cpl
Price range over the last week: 141.9cpl – 195.6cpl
Slight spike for Adelaide this week with prices up 189.9cpl before coming back down again – though if you’re in Adelaide this is the perfect time to fill up!
Perth
Current ULP average: 154.9cpl
Price range over the last week: 144.7cpl – 199.9cpl
Perth is now at the bottom of the price cycle and we’re expecting the price to spike up again shortly – likely to be this Wednesday 21st September. This is expected to sit somewhere in the high 190s for ULP.
Darwin (no price cycle)
Current ULP average: 174.2cpl
Price range over the last week: 169.5cpl – 184.9cpl
Another price drop for Darwin this week approximately 4cpl over the course of the week.
Hobart (no price cycle)
Current ULP average: 171.9cpl
Price range over the last week: 160.9cpl – 198.0cpl
Similar to Darwin, a drop of approximately 3.5cpl hit for Hobart.
Retail diesel prices
Current Diesel averages:
ACT – 212.3cpl
Adelaide – 199.4cpl
Brisbane – 204.3cpl
Darwin – 208.7cpl
Hobart – 213.1cpl
Melbourne – 205.3cpl
Perth – 195.9cpl
Sydney – 205.2cpl
Small movements across major states this week most dropping as a result of the falling wholesale prices.
Wholesale trends
Wholesale petrol prices increased this week, with average TGP prices going up by 1.3cpl.
Wholesale diesel prices also decreased this week, with average TGP prices dropping by 6.2cpl.
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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 19 September 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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