Those keeping a close eye on this week excise relief as it comes to an end this Thursday will be interesting to see how this will play out across all major capital cities. It’s expected that these high prices are here to stay for the next few weeks with Brisbane, Melbourne and Sydney all seeing new price cycles over the past week. Retailers across these cities will have buffer and we won’t see the jump in prices straight way but it is expected that retailers may just absorb the 25cpl until the next price cycle.
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Current ULP average: 191.4cpl
Price range over the last week: 147.7cpl – 197.9cpl
Brisbane is now sitting at the peak of the price cycle with average prices expected to stay high in the coming weeks as the excise add-back flows into the retail prices.
Current ULP average: 189.2cpl
Price range over the last week: 141.5cpl – 205.9cpl
Similar to Brisbane, it’s expect prices in Sydney will stay high over the coming weeks.
Current ULP average: 187.2cpl
Price range over the last week: 139.9cpl – 201.8cpl
It’s anticipated that Melbourne too will maintain a high average price with the excise taking effect in the coming days.
Current ULP average: 166.7cpl
Price range over the last week: 133.9cpl – 219.7cpl
Adelaide can expect ULP prices to come back up to 189.9cpl now ahead of the excise add-back.
Current ULP average: 162.3cpl
Price range over the last week:139.9cpl – 199.9cpl
With Perth in its mid-cycle we may not see it go as low as it usually will, you can expect this to be due to the excise as well.
Darwin (no price cycle)
Current ULP average: 169.1cpl
Price range over the last week: 163.5cpl – 179.9cpl
Significant drop in prices for Darwin this week – particularly when compared to the upward movements of the other capitals.
Hobart (no price cycle)
Current ULP average: 171.8cpl
Price range over the last week: 153.9cpl – 197.9cpl
Not a lot of movement for Hobart this week, staying relatively similar to last week.
Retail diesel prices
Current Diesel averages:
ACT – 209.3cpl
Adelaide – 196.1cpl
Brisbane – 205.6cpl
Darwin – 205.4cpl
Hobart – 211.6cpl
Melbourne – 204.7cpl
Perth – 196.8cpl
Sydney – – 206.6cpl
Small drops in average diesel prices for the majority of the capitals – Brisbane being the exception with a small rise.
Wholesale petrol prices decreased this week, with average TGP prices dropping by 5.7cpl.
Wholesale diesel prices also decreased this week, with average TGP prices dropping by 8.8cpl.
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Information is based on average price trends up to 10 am AEDT on 26 September 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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