We are expecting to see ULP jump again after prices held steady over the last few weeks across major cities including Brisbane, Sydney and Melbourne. Although, with the upcoming public holiday we are likely to see delays in price changes, many retailers won’t want to be seen profiting ahead of the long weekend. Expect to see changes within the next week – as the holiday season comes to an end, back to school and the New Year in full swing we’re expecting price cycles to well and truly return to normal shortly.
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Brisbane
Current ULP average: 174.8cpl
Price range over the last week: 159.9cpl – 228.9cpl
Brisbane can expect to see the next price cycle within the next week amidst the price drop across the last 4 weeks.
Sydney
Current ULP average: 169.1cpl
Price range over the last week: 153.9cpl – 209.9cpl
Similar to Brisbane, Sydney is expected to see price changes within the next week, although the overall average is set to be lower indicating the price cycle to hit first.
Melbourne
Current ULP average: 174.7pl
Price range over the last week: 154.5cpl – 201.4cpl
As always Melbourne’s average prices are similar levels to Brisbane and Sydney and can expect a new price cycle within the coming week or so
Adelaide
Current ULP average: 182.4cpl
Price range over the last week: 155.4cpl – 197.1cpl
Over the last few days prices in Adelaide have fallen and likely to do so over the coming week. We did see a number of locations that did not drop prices which generated a large range of prices ULP. Although Adelaide is ranked at the highest priced capital for the week.
Perth
Current ULP average: 166.6cpl
Price range over the last week: 153.9cpl – 199.9cpl
Price cycles have continued week on week in Perth and we can expect to see ULP prices likely to jump again on Wednesday, estimated around the $2p/l mark.
Darwin (no price cycle)
Current ULP average: 175.4cpl
Price range over the last week: 171.5cpl – 180.9cpl
Darwin prices have been falling slowly in recent weeks but seem to have stabilised at the moment.
Hobart (no price cycle)
Current ULP average: 180.6cpl
Price range over the last week: 169.9cpl – 190.7cpl
Hobart prices have increased this week after recent falls prior..
Retail diesel prices
Current Diesel averages:
ACT – 211.7cpl
Adelaide – 195.2cpl
Brisbane – 207.4cpl
Darwin – 217.9cpl
Hobart – 211.5cpl
Melbourne – 205.8cpl
Perth – 194.4cpl
Sydney – 203.4cpl
Diesel prices fall slowly, though stable over the holiday period. However, Diesel prices are considerably higher than petrol margins at the stage. We will keep you updated on these changes over the next few weeks.
Wholesale trends
Wholesale petrol prices increased this week with average TGP prices going up by 5.2cpl.
Wholesale diesel prices increased this week with average TGP prices going up by 4.7cpl.
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Information is based on average price trends up to 10 am AEDT on 23 January 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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