Some retailers around Melbourne have hiked up petrol prices to around 189.9cpl – indicating that a new fuel price cycle may begin just a few days out from Christmas, which is normally very unusual. Being that the current average price of ULP is still relatively low compared to other capitals, it will be interesting to see if other retailers follow suit now, or hold off until after Christmas.
Current ULP average: 153.3cpl
Price range over the last week: 137.9cpl – 189.9cpl
It is most likely that there will be a petrol price increase for Brisbane after Christmas, with no indication of the expected new fuel price cycle so far which is fortunate for Brisbane motorists as they head into the break.
Current ULP average: 166.8cpl
Price range over the last week: 144.9cpl – 193.9cpl
As predicted, fuel prices across Sydney decreased at a very slow pace during the past week.
Current ULP average: 149.6 cpl
Price range over the last week: 134.9cpl – 189.9cpl
The fuel price increase to 189.9cpl has not been followed by the majority of retailers across Melbourne, who are normally hesitant to increase prices just before Christmas. This fuel price hike shown by a small number of retailers however may be the initial signs of a new petrol price cycle, where trends could start rising after the 25th.
Current ULP average: 159.2cpl
Price range over the last week: 138.9cpl – 185.7cpl
Great news for motorists heading into the Christmas break – Adelaide is now entering the low part of their current fuel price cycle after having reached its peak last week.
Current ULP average: 163.5cpl
Price range over the last week: 137.7cpl – 189.9cpl
The next petrol price increase for Perth is due on the 29th of December, indicating they are currently at the midpoint of their current fuel price cycle.
Current ULP average: 168.2cpl
Price range over the last week: 131.9cpl – 169.9cpl
As per usual, only a very small movement in fuel prices for Darwin this week.
Current ULP average: 177.2cpl
Price range over the last week: 153.9cpl – 185.7cpl
Hobart fuel prices dipped only slightly this week.
Retail diesel prices
Current Diesel averages:
ACT – 166.7cpl
Adelaide – 157.6cpl
Brisbane – 162.0cpl
Darwin – 165.3cpl
Hobart – 174.0cpl
Melbourne – 162.2cpl
Perth – 161.7cpl
Sydney – 161.5cpl
Again, only very minor changes with diesel prices for each capital this week.
An increase in wholesale petrol prices this week, with average TGP prices going up by 2.5cpl.
Also an increase in wholesale diesel prices, with average TGP prices rising by 2.0cpl this week.
The next fuel price update will be on 19th January 2022.
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Information is based on average price trends up to 10 am AEDT on 20 December 2021. 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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