Fuel cost averages dropped around the country this week, indicating some new fuel price cycles are imminent over the next month – but with so many question marks around wholesale and crude prices, retailers will most likely be undecided in terms of their next pricing strategy. Retailers may also opt to make up lost ground by increasing margins due to recent excise cuts.

 

Brisbane

Current ULP average: 203.2cpl

Price range over the last week: 184.9cpl – 242.9cpl

A good sign for motorists – retailers have started to discount again in Brisbane, with the average cost for unleaded petrol dropping by approximately 10cpl in the past week.

Sydney

Current ULP average: 203.4cpl

Price range over the last week: 179.9cpl – 229.9cpl

Discounting occurred further down the coast in Sydney as well, where retailers in the south-western areas in particular decreased fuel prices significantly.

 

Melbourne

Current ULP average: 200.1cpl

Price range over the last week: 181.9cpl – 224.8cpl

A huge drop in average unleaded fuel prices across Melbourne – retailers slashed fuel prices by roughly 12cpl, illustrating that they’re keen to make up for lost ground.

 

Adelaide

Current ULP average: 196.9cpl

Price range over the last week: 181.7cpl – 222.7cpl

With the average cost of fuel dropping into the 180’s, Adelaide may be the next capital city to experience a price cycle – it will be interesting to see if any excise cuts play a part in the next price peak.

 

Perth

Current ULP average: 200.6cpl

Price range over the last week: 176.7cpl- 229.9cpl

In just 5 days, average fuel prices dropped by 12cpl – but this brings bad news for Perth motorists, as a price cycle peak is due just before the Easter long weekend.

 

Darwin

Current ULP average: 207.6cpl

Price range over the last week: 203.5cpl – 211.9cpl

Over the past week, Darwin saw a small decrease in average fuel prices.

 

Hobart

Current ULP average: 218.75cpl

Price range over the last week: 203.5cpl – 231.9cpl

Hobart took out first place for the highest priced capital city this week.

 

Retail diesel prices

Current Diesel averages:

ACT221.6cpl

Adelaide218.9cpl

Brisbane 221.8cpl

Darwin 222.3cpl

Hobart 227.1cpl

Melbourne 218.1cpl

Perth 217.2cpl

Sydney 218.2cpl

Wholesale price increases started to wear off this week, as most of the capitals experienced small decreases in average diesel prices.  Unfortunately for diesel motorists, it is not likely to drop any further over the next couple of weeks.

 

Wholesale trends

Wholesale petrol prices went up this week, with average TGP prices rising by 1.9cpl.

Wholesale diesel prices also increased this week, with average TGP prices rising by 9.9cpl.

 

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 28 March 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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