With crude and wholesale prices on the up yet again, the cost of fuel is set to soar. There is significant market volatility so retailers are most likely going to keep their petrol costs high to play it safe – with Adelaide painting a very good picture of this trend.
Brisbane
Current ULP average: 213.6cpl
Price range over the last week: 189.9cpl – 242.9cpl
Retailers opted to discount fuel only slightly during the past week, with petrol prices for Brisbane remaining very close to the peak cycle price from the previous week.
Sydney
Current ULP average: 211.4cpl
Price range over the last week: 193.8cpl – 230.0cpl
Prices remained tight and high in Sydney this week, leaving motorists little choice in terms of shopping around for a cheaper fuel price
Melbourne
Current ULP average: 212.3cpl
Price range over the last week: 169.9cpl – 239.9cpl
Several retailers posted cheaper fuel prices this week, despite the average fuel cost remaining in line with the other capitals.
Adelaide
Current ULP average: 217.5cpl
Price range over the last week: 203.2cpl – 226.7cpl
At the moment, Adelaide holds the second-highest average fuel price out of all the capitals, with only a small amount of movement since last week’s price cycle.
Perth
Current ULP average: 195.3cpl
Price range over the last week: 187.4cpl – 227.0cpl
Another record peak in Perth’s current fuel price cycle is expected today, with the cost of unleaded petrol expected to rise into the high 220’s.
Darwin
Current ULP average: 208.0cpl
Price range over the last week: 203.5cpl – 211.9cpl
Average fuel prices in Darwin are significantly lower than the other capital cities.
Hobart
Current ULP average: 220.7cpl
Price range over the last week: 182.9cpl – 239.9cpl
Wholesale price movements seem to be driving retailers to try and catch up, with a large array of varied fuel prices seen across Hobart this past week.
Retail diesel prices
Current Diesel averages:
ACT – 224.1cpl
Adelaide – 221.3cpl
Brisbane – 223.3cpl
Darwin – 222.7cpl
Hobart – 230.8cpl
Melbourne – 221.1cpl
Perth – 219.5cpl
Sydney – 220.6cpl
Unfortunately for diesel motorists, crude oil and wholesale prices in Singapore are on the rise yet again, meaning the cost of diesel will continue to increase over the coming weeks.
Wholesale trends
Wholesale petrol prices decreased this week, with average TGP prices dropping by 10.6cpl.
Wholesale diesel prices also decreased this week, with average TGP prices going down by a significant 21.1cpl.
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Information is based on average price trends up to 10 am AEDT on 21 March 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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