All major cities except Perth, now is the time to fill up! With price cycles expected to hit the capitals over the next week we’re expecting average prices to rise by approximately 30cpl, making it 214.9cpl for ULP.
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Brisbane
Current ULP average: 175.5cpl
Price range over the last week: 167.3cpl – 214.9cpl
Little movement for Brisbane over the last week, however we did see a brief glimpse last week of a new price cycle with locations dropping prices. We don’t expect to see this last long with the new peak prices of 214.9cpl for ULP increasing across other cities as well.
Sydney
Current ULP average: 174.5cpl
Price range over the last week: 161.8cpl – 216.9cpl
Some locations in Sydney approximately 3% have jumped to the new ULP price peak – we’re likely to see this spread across the next week to more locations.
Melbourne
Current ULP average: 179.3pl
Price range over the last week: 159.9cpl – 215.9cpl
Approximately 10% of locations in Melbourne have increased ULP prices to 214.9cpl for ULP. We’re expecting this to be a little more progressive here in Melbourne unlike Sydney.
Adelaide
Current ULP average: 170.9cpl
Price range over the last week: 159.9cpl – 219.7cpl
Closely followed, Adelaide has also increased ULP prices and we expect this to become the new normal over the next few weeks.
Perth
Current ULP average: 184.0cpl
Price range over the last week: 164.7cpl – 209.9cpl
With Perth current it it’s mid-cycle it’s expected that the lowered priced day will be Tuesday 1 November.
Darwin (no price cycle)
Current ULP average: 189.8cpl
Price range over the last week: 177.5cpl – 191.9cpl
Prices will continue to move on up in Darwin with the price excise in full swing – we’re also expecting wholesale prices to push these slightly further as well.
Hobart (no price cycle)
Current ULP average: 192.5cpl
Price range over the last week: 169.9cpl – 199.9cpl
Similar to Darwin, Hobart will follow suit with further increased to flow through pump prices within the next week or so.
Retail diesel prices
Current Diesel averages:
ACT – 235.3cpl
Adelaide – 231.2cpl
Brisbane – 236.8cpl
Darwin – 238.2cpl
Hobart – 240.6cpl
Melbourne – 236.0cpl
Perth – 233.3cpl
Sydney – 236.3cpl
Diesel prices are on the rise across the country, this is the flow on effect of the recent wholesale price spikes to pump prices. We’re expecting to see this continue on within the next week.
Wholesale trends
Wholesale petrol prices increased this week with average TGP prices going up by 0.2cpl.
Wholesale diesel prices decreased this week with average TGP prices going up by 0.8cpl.
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Information is based on average price trends up to 10 am AEDT on 24 October 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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