Interesting week across major cities with average prices in Adelaide falling by approx. 19cpl whilst Brisbane dropped by 3cpl respectively. The vast difference across major states indicates the changing dynamics on retail prices across retailers. The real different in frequency across cycles indicates that motorists in Adelaide have far better access to lower priced fuel each were – whilst in Brisbane the cycle varies. Good news for most motorists across all major cities however – now is the time to fill up!
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Brisbane
Current ULP average: 185.1cpl
Price range over the last week: 169.9cpl – 228.9cpl
With average prices falling by just 3cpl over the last week – the discount phase of the price cycle has been particularly slow in comparison to the last few months.
Sydney
Current ULP average: 186.3ccpl
Price range over the last week: 163.5cpl – 211.9cpl
With a new price cycle underway, the new peak price for unleased 91 is sitting at 211.9cpl with almost 30% of retailers now at this price.
Melbourne
Current ULP average: = 179.9cpl
Price range over the last week: 161.9cpl – 205.0cpl
Much like Brisbane – Melbourne average prices are taking their time to drop with no new signs of a new price cycle any time soon.
Adelaide
Current ULP average: 195.0cpl
Price range over the last week: 161.9cpl – 209.4cpl
Average prices fell very quickly over the last week for Adelaide with unleaded 91 prices at the lowest.
Perth
Current ULP average: 173.2cpl
Price range over the last week: 159.9cpl – 205.9cpl
We can expect to see unleaded 91 prices spike back up to 205.9cpl thanks to the fact that we are now reaching the bottom of this price cycle – it’s likely the price will increase this coming Wednesday.
Darwin (no price cycle)
Current ULP average: 179.5cpl
Price range over the last week: 173.5cpl – 181.9cpl
A very slight drop in average prices for Darwin again this week.
Hobart (no price cycle)
Current ULP average: = 189.5cpl
Price range over the last week: 179.9cpl – 196.0cpl
Small increase for Hobart this week.
Retail diesel prices
Current Diesel averages:
ACT – 207.3cpl
Adelaide –191.4cpl
Brisbane – 198.9cpl
Darwin – 210.2cpl
Hobart –208.5cpl
Melbourne – 198.4cpl
Perth – 188.6cpl
Sydney – 199.1cpl
Slight decrease across capital cities this last week.
Wholesale trends
Wholesale petrol prices decreased this week with average TGP prices going down by 2.8cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 5.7cpl.
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Information is based on average price trends up to 10 am AEDT on 20 March 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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