We’ve seen some unusually slow discount phases in the east-coast capitals lately. This could just be a factor of a slow down during the school holidays, or it may also be a new characteristic of longer period price cycles. For example – if a price cycle is 8-10 weeks rather that 4 weeks, then during the discount phase, the week on week falls will be much smaller.
Brisbane
Current ULP average: 199.3cpl
Price range over the last week: 167.5cpl – 222.9cpl
A small fall in average prices for Brisbane over the course of the week. This slow discount cycle may be due to the long period of the price cycle here in Brisbane now.
Sydney
Current ULP average: 188.2cpl
Price range over the last week: 167.7cpl – 211.9cpl
Sydney prices only fell by around 3cpl last week. This is unusual at this stage in the discount cycle.
Melbourne
Current ULP average: 188.6cpl
Price range over the last week: 156.9cpl – 220.8cpl
Melbourne prices dropped by around 5cpl on average over the past week.
Adelaide
Current ULP average: 184.3cpl
Price range over the last week: 171.5cpl – 210.4cpl
Adelaide is in the discount phase of its price cycle now and will start to bottom out again this week.
Perth
Current ULP average: 179.4cpl
Price range over the last week: 170.7cpl – 213.7cpl
The peak price this Wednesday is likely to be around 209.9cpl again this week. Best buying is Tuesday as usual.
Darwin
Current ULP average: 183.3cpl
Price range over the last week: 173.5cpl – 189.9cpl
A slight increase in average prices for Darwin – most likely due to last week’s wholesale price rises.
Hobart
Current ULP average: 194.6cpl
Price range over the last week: 186.7cpl – 204.9cpl
Hobart was very similar to Darwin going up by a couple of cents.
Retail diesel prices
Current Diesel averages:
ACT – 203.8cpl
Adelaide – 186.9cpl
Brisbane – 196.6cpl
Darwin – 209.3cpl
Hobart – 206.8cpl
Melbourne – 195.9cpl
Perth – 188.4cpl
Sydney – 196.4cpl
Some very minor drops in retail diesel prices over the course of last week. Adelaide is currently the lowest.
Wholesale trends
Wholesale petrol prices decreased this week with average TGP prices going down by 4.0cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 3.9cpl.
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Information is based on average price trends up to 10 am AEDT on 24 April 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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