Expect more record high prices as the next round of new price cycles due to start shortly – kicked off by Perth, then potentially followed by Adelaide then Melbourne, and lastly Brisbane and Sydney are expected to follow the trend in the weeks ahead. That said, consumers may look to alternative methods of transport which will result in a decrease in demand, and a decrease in demand means less volume purchased – which will lead to retailers needing to increase margins by way of increasing fuel prices. A never ending vicious cycle!
Current ULP average: 216.6cpl
Price range over the last week: 194.9cpl – 238.9cpl
Brisbane is holding the title as the highest price capital at the moment, despite the slight downward trend as the discount phase of the current petrol price cycle begins.
Current ULP average: 214.6cpl
Price range over the last week: 189.9cpl – 239.9cpl
Like Brisbane, fuel prices in Sydney have experienced a small decrease as the discount phase of the price cycle kicks off.
Current ULP average: 205.7cpl
Price range over the last week: 191.9cpl– 240.0cpl
Melbourne motorists should take advantage of the low point in the current fuel price cycle, before prices creep up again within the next week or two.
Current ULP average: 204.2cpl
Price range over the last week: 191.9cpl – 231.7cpl
Similar situation over in Adelaide, where fuel prices are trending downwards. Next week will be the ideal time to fill up before prices begin to climb.
Current ULP average: 198.7cpl
Price range over the last week: 192.7cpl – 235.9cpl
The average price for unleaded petrol is expected to rise into the 230’s next week, so Perth motorists should fill up now before this massive price hike.
Darwin (no price cycle)
Current ULP average: 208.0cpl
Price range over the last week: 199.9cpl – 209.9cpl
A significant 4cpl rise in fuel prices for Darwin this week.
Hobart (no price cycle)
Current ULP average: 216.3cpl
Price range over the last week: 198.0cpl – 225.9cpl
A huge jump in fuel prices for Hobart – the average cost of unleaded petrol increasing by 9cpl during the past week.
Retail diesel prices
Current Diesel averages:
ACT – 232.2cpl
Adelaide – 235.5cpl
Brisbane – 234.5cpl
Darwin – 231.0cpl
Hobart – 239.6cpl
Melbourne – 234.2cpl
Perth – 229.6cpl
Sydney – 233.3cpl
Retail diesel prices increased by around 10cpl in each city, with further hikes expected to come.
Wholesale petrol prices increased slightly this week, with average TGP prices going up by 0.6cpl.
Wholesale diesel prices also jumped this week, with average TGP prices rising by 3.6cpl.
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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 27 June 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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