Rising wholesale fuel prices combined with lower than average fill volumes over the holiday period in January has caused petrol price cycles to slow around the discount phase. Prices are expected to drop due to increased competition between retailers as schools and businesses return to normal next week.

 

Brisbane

Current ULP average: 178.1cpl

Price range over the last week: 145.5cpl – 190.9cpl

Brisbane still remains one of the highest-priced capital cities, with very little movement on the current fuel price cycle over the past week.

 

Sydney

Current ULP average: 178.0cpl

Price range over the last week: 143.9cpl – 191.9cpl

Many retailers upped their pump prices to match the new high price point of 187.9cpl in the current fuel cycle this week, shifting the petrol price average across the city.

 

Melbourne

Current ULP average: 164.0cpl

Price range over the last week: 142.9cpl – 184.9cpl

Fuel prices across Melbourne have been generally slow to drop, with this petrol price trend likely to continue until the end of the holiday period.

 

Adelaide

Current ULP average: 170.2cpl

Price range over the last week: 139.2cpl – 192.0cpl

After having enjoyed a run of low petrol prices, this came to an end for Adelaide motorists earlier this week when the new price cycle peaked at 187.9cpl.

 

Perth

Current ULP average: 156.2cpl

Price range over the last week: 146.7cpl – 179.9cpl

Perth is currently experiencing the low point of their fuel price cycle this week, with petrol prices set to rise into the 180s around next Wednesday.

 

Darwin

Current ULP average: 170.7cpl

Price range over the last week: 131.9cpl – 171.9cpl

Darwin experienced a slight increase in unleaded petrol prices this week.

Hobart

Current ULP average: 178.6cpl

Price range over the last week: 156.9cpl – 186.0cpl

Hobart also saw a small increase in fuel prices this week and in turn, is the highest priced capital city. 

 

Retail diesel prices

Current Diesel averages:

ACT – 169.8cpl

Adelaide – 166.2cpl 

Brisbane – 167.3cpl  

Darwin – 169.0cpl 

Hobart – 177.0cpl  

Melbourne – 166.6cpl

Perth – 165.7cpl 

Sydney – 166.3cpl

Most cities saw an increase in diesel prices, driven by rising wholesale prices which look to rise even further over the next few weeks.

 

Wholesale trends

An increase in wholesale petrol prices this week, with average TGP prices rising by 3.6cpl.

There was another significant increase in wholesale diesel prices, with average TGP prices rising by 5.0cpl this week.

 

Get the app

If you’re a WEX Motorpass account or cardholder and want to take advantage of the cheapest fuel in your area, make sure to download the WEX Motorpass Driver app.

 

Information is based on average price trends up to 10 am AEDT on 24 January 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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