The effect of global events and the cost of living was highlighted by the new price cycles and more record breaking fuel price averages. The situation is especially grim when you compare pump prices from 2 years ago – Australian’s could fill up at under $1.00 per litre, and now the cost at the pump is a striking $1.50 per litre more (if the fuel excise cost is included). For the average motorist, this equates to a huge $1,800 difference per year!
Brisbane
Current ULP average: 221.4cpl
Price range over the last week: 181.9cpl – 232.9cpl
224.9cpl seems to be the pump price of choice for the majority of retailers across Brisbane this week – resulting in a record breaking average.
Sydney
Current ULP average: 216.6cpl
Price range over the last week: 180.9cpl – 229.9cpl
If you’re a Sydney motorist, keep on the look out for a small number of retailers in the south and west of the city who are yet to increase their fuel prices.
Melbourne
Current ULP average: not available
Price range over the last week: 170.9cpl – 240.0cpl
Slight and slow decreases in average fuel prices have been sighted in Melbourne this week.
Adelaide
Current ULP average: not available
Price range over the last week: 192.8cpl – 230.6cpl
There was certainly a peak in the current price cycle for Adelaide – a record peak price at that – with average unleaded prices rising to 229.9cpl. There is a minority of retailers that are yet to follow the trend and increase their prices, but they are few and far between.
Perth
Current ULP average: 205.9cpl
Price range over the last week: 184.7cpl – 228.9cpl
The next price peak for Perth is due next Wednesday 29th June.
Darwin (no price cycle)
Current ULP average: 204.1cpl
Price range over the last week: 193.5cpl – 205.9cpl
Darwin will experience a petrol price hike over the coming week.
Hobart (no price cycle)
Current ULP average: 207.1cpl
Price range over the last week: 185.9cpl – 214.1cpl
Much like the situation in Darwin, average fuel prices are going up by around 6cpl in Tasmania’s capital.
Retail diesel prices
Current Diesel averages:
ACT – 222.1cpl
Adelaide – 226.7cpl
Brisbane – 224.6cpl
Darwin – 222.8cpl
Hobart – 228.7cpl
Melbourne – 220.3cpl
Perth – 221.1cpl
Sydney – 223.3cpl
Huge increases in wholesale prices have caused a massive price jump in retail diesel prices over the past week.
Wholesale trends
Wholesale petrol prices jumped this week, with average TGP prices increasing by 9.4cpl.
Wholesale diesel prices also went up this week, with average TGP prices rising by a significant 12.8cpl.
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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 20 June 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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