Wholesale prices have stayed stable over the last week, which is a slight change from the last few months. We are likely to expect more stable pump prices for both diesel and petrol prices in regional areas. Motorists in Perth, Monday and Tuesday is the best time to fill up with other major cities expected to wait another 3-4 weeks.
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Brisbane
Current ULP average: 197.7cpl
Price range over the last week: 163.9cpl – 228.9cpl
Over the last week we’ve seen majority of retailers now selling unleaded 91 at 209.cpl, this is likely due to the price cycle last week.
Sydney
Current ULP average: 197.5cpl
Price range over the last week: 162.7cpl – 213.9cpl
Sydney prices have slightly fallen as the competitive discount cycle begins to kick in this week – expect to see many locations offering 209.9cpl.
Melbourne
Current ULP average: 201.5cpl
Price range over the last week: 161.9cpl – 214.6cpl
Melbourne has taken over as the highest priced capital this week with majority of retailers now increasing costs – we’re likely to see a new price cycle within the next 4 weeks.
Adelaide
Current ULP average: 188.7ccpl
Price range over the last week: 161.5cpl – 206.5cpl
Adelaide has seen a new price peak of 199.9cpl rather than the 209.9cpl we saw last cycle. This is great news for motorists, so now is the time to fill up!
Perth
Current ULP average: 170.9cpl
Price range over the last week: 160.9cpl – 209.7cpl
We expect to see another price cycle on Wednesday with peak around 209.9cpl soon.
Darwin (no price cycle)
Current ULP average: 179.1cpl
Price range over the last week: 169.5cpl – 181.9cpl
Similar to last week, a slight increase for Darwin over the past week.
Hobart (no price cycle)
Current ULP average: = 185.5cpl
Price range over the last week: 171.9cpl – 193.9cpl
Similar to Darwin Hobart saw a small rise in the past week.
Retail diesel prices
Current Diesel averages:
ACT – 210.5cpl
Adelaide – 193.4cpl
Brisbane – 202.3cpl
Darwin – 214.2cpl
Hobart – 210.3cpl
Melbourne – 201.3cpl
Perth – 189.7cpl
Sydney – 201.2cpl
Diesel prices slightly reduced over the last week by approximately 1-2cpl.
Wholesale trends
Wholesale petrol prices increased this week with average TGP prices going up by 1.0cpl.
Wholesale diesel prices increased this week with average TGP prices going up by 0.7cpl.
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Information is based on average price trends up to 10 am AEDT on 20 February 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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