No price cycles for Brisbane, Melbourne or Sydney over the last week however we could see this change with the holiday season now over and return to school and work has now commenced. It’s likely that ULP may increase to $2.10p/l in most of the capitals starting as soon as this week. We did also see wholesale petrol prices increasing significantly over for the second week in a row and likely to motivate retailers to continue to raise prices. Though good news for motorists across most major cities, now is the time to fill up!
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Current ULP average: 174.0cpl
Price range over the last week: 159.9cpl – 228.9cpl
No movement for Brisbane over the last week with also no indication of a new price cycle as yet.
Current ULP average: 174.3cpl
Price range over the last week: 157.9cpl – 213.9cpl
Some Sydney retailers have increased their prices to the new price peak of 211.9cpl for ULP (or 209.9 for E10). Expect to see this soon spread across more retails over the next week.
Current ULP average: 172.8pl
Price range over the last week: 155.5cpl – 203.3cpl
Good news for motorists in Melbourne with a slight drop in average prices in Melbourne and no sign of a new price cycle yet. This may be good for relieving some of the pressure but expect to see prices spike up shortly within the next week or so.
Current ULP average: 196.3cpl
Price range over the last week: 164.9cpl – 214.5cpl
A new price cycle for Adelaide this week with the peak price for ULP now at 209.9cpl.
Current ULP average: 173.9cpl
Price range over the last week: 153.9cpl – 209.9cpl
ULP prices in Perth are likely to hit 209.9cpl this coming Wednesday.
Darwin (no price cycle)
Current ULP average: 175.8cpl
Price range over the last week: 171.5cpl – 180.9cpl
Darwin prices moved up slightly, most likely due to rising wholesale prices.
Hobart (no price cycle)
Current ULP average: = 182.1cpl
Price range over the last week: 170.9cpl – 190.0cpl
Hobart was similar to Darwin with average ULP prices going up by approx. 2cpl.
Retail diesel prices
Current Diesel averages:
ACT – 212.2cpl
Adelaide – 198.4cpl
Brisbane – 207.4cpl
Darwin – 217.2cpl
Hobart – 211.1cpl
Melbourne – 206.2cpl
Perth – 195.5cpl
Sydney – 202.4cpl
Diesel prices fall slowly, though stable over the holiday period. However, Diesel prices are considerably higher than petrol margins at the stage. We will keep you updated on these changes over the next few weeks.
Wholesale petrol prices increased this week with average TGP prices going up by 4.9cpl.
Wholesale diesel prices increased this week with average TGP prices going up by 1.9cpl.
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Information is based on average price trends up to 10 am AEDT on 30 January 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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