After a long period of slowly falling prices on the east coast, we can expect to see the new petrol price cycles emerge this week. The first signs are evident in Sydney right now with several retail locations posting 199.9c/L for unleaded 91. With wholesale prices going up, it’s likely this will start next in Melbourne, then Brisbane.


Current ULP average: 172.4c/L

Price range over the last week: 163.9c/L – 219.9c/L

A small price drop again for Brisbane. And although it’s still the highest of the capitals with price cycles, it is getting closer to the average prices of Melbourne and Sydney.


Current ULP average: 167.5c/L

Price range over the last week: 155.9c/L – 199.9c/L

The average price for unleaded 91 came down by approx. 3c/L over the past week. The first sign of the new price cycle has been seen in the Eastern Suburbs now with 3 retailers putting prices up to 199.9c/L.


Current ULP average: 170.6cpl

Price range over the last week: 160.9cpl – 199.9cpl

Only a small drop again for Melbourne. With wholesale prices on the increase – the new price cycle is likely to be only days away.


Current ULP average: 163.7c/L

Price range over the last week: 150.9c/L – 199.1c/L

Adelaide prices fell considerably in the past week and we are now set to see a spike any day.


Current ULP average: 165.2c/L

Price range over the last week: 155.3c/L – 199.9c/L

We can probably expect to see Wednesday’s peak price at 199.9c/L again this week


Current ULP average: 181.5c/L

Price range over the last week: 175.5cpl – 182.9cpl

No real change for Darwin this week.


Current ULP average: 183.4c/L

Price range over the last week: 172.9c/L – 192.9c/L

More downward movement for Hobart, bring unleaded 91 prices closer to that in Darwin now.

Retail diesel prices

Current Diesel averages:

ACT – 195.1c/L

Adelaide – 177.0c/L

Brisbane – 187.0c/L

Darwin – 204.7c/L

Hobart – 190.2c/L

Melbourne – 1185.1c/L

Perth – 176.6c/L

Sydney – 183.6c/L

Small average price falls across all the capitals last week Expect this may start to turn in the coming week as wholesale prices are on the rise.

Wholesale trends

Wholesale petrol prices decreased this week with average TGP prices going up by 2.0c/L.

Wholesale diesel prices decreased this week with average TGP prices going up by 1.7c/L.

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Information is based on average price trends up to 10 am AEDT on 23 May 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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