While motorists across the country were enjoying some lower fuel prices during the past few weeks, it was very short-lived. Unfortunately, pump prices are on the rise yet again mostly due to a combination of drastic wholesale price increases and new fuel price cycles occurring in many of the capitals.
Brisbane
Current ULP average: 173.4cpl
Price range over the last week: 148.5cpl – 210.9cpl
Unleaded prices reach the peak of the new fuel price cycle this week in Brisbane, significantly raising the average cost to fill up.
Sydney
Current ULP average: 166.9cpl
Price range over the last week: 145.9cpl – 229.9cpl
Retailers across Sydney have been slow to increase pump prices to align with the new fuel price cycle this week.
Melbourne
Current ULP average: 180.2cpl
Price range over the last week: 140.9cpl – 209.3pl
Melbourne has hit the peak in their current petrol price cycle, with the majority of fuel retailers setting pump prices for unleaded petrol at 189.9cpl this week.
Adelaide
Current ULP average: 184.1cpl
Price range over the last week: 131.9cpl – 195.6cpl
Adelaide is likely to be around 2 weeks away from hitting its next fuel price cycle, as the average cost of petrol is currently trending downwards.
Perth
Current ULP average: 170.4cpl
Price range over the last week: 143.7cpl – 199.9cpl
The next petrol price peak is predicted to hit next Wednesday as Perth reaches the mid-point of its current cycle.
Darwin
Current ULP average: 183.7cpl
Price range over the last week: 131.9cpl – 187.9cpl
Darwin experienced only a very small movement in fuel prices this week.
Hobart
Current ULP average: 176.1cpl
Price range over the last week: 159.9cpl – 219.9cpl
The fuel excise reduction is finally impacting fuel prices in Hobart, as retailers drop pump prices significantly this week.
Retail diesel prices
Current Diesel averages:
ACT – 197.6cpl
Adelaide – 193.3cpl
Brisbane – 196.9cpl
Darwin – 195.6cpl
Hobart – 203.9cpl
Melbourne – 193.4cpl
Perth – 190.4cpl
Sydney – 194.2cpl
The jump in wholesale fuel prices has continued to have an impact on the cost of diesel, which remains on the rise.
Wholesale trends
Wholesale petrol prices rose this week, with average TGP prices increasing by 7.7cpl.
Wholesale diesel prices also increased this week, with average TGP prices going up by 10.4cpl.
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Information is based on average price trends up to 10 am AEDT on 25 April 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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