Motorists will be feeling a sense of relief with stability in the global market and local retail prices falling. Subject to crude and Singapore spot prices over the next week we may see some of the lowest petrol prices on average that we have seen in quite some time. The good news is, motorists will be able to take advantage in filling up which is a great reprieve!
Current ULP average: 169.2cpl
Price range over the last week: 156.9pl – 209.9cpl
Prices continue to fall in Brisbane, now approaching the bottom of the price cycle.
Current ULP average: 169.1cpl
Price range over the last week: 157.8cpl – 209.9cpl
Similar to Brisbane, Sydney prices continued to fall. There’s not much left in the market before we get to the low point in the price cycle.
Current ULP average: 170.5cpl
Price range over the last week: 157.9cpl – 200.5cpl
Melbourne is still tracking right alongside of Brisbane and Sydney. We might expect to see the first signs of a new price cycle here in the coming week.
Current ULP average: 174.4cpl
Price range over the last week: 163.9cpl – 192.7cpl
The Adelaide average has fallen considerably over the past week, but based on other capitals, it probably has a little further to drop before we see the next price cycle.
Current ULP average: 167.3cpl
Price range over the last week: 158.5cpl – 205.9cpl
Perth’s average price at the moment is slightly lower than last week – reflective of wholesale price movements.
Current ULP average: 176.6cpl
Price range over the last week: 172.5cpl – 181.9cpl
A very small drop for Darwin last week.
Current ULP average: 182.8cpl
Price range over the last week: 171.9cpl – 189.9cpl
Hobart prices moved up slightly for the second week in a row.
Retail diesel prices
Current Diesel averages:
ACT – 195.2cpl
Adelaide – 173.9cpl
Brisbane – 183.6cpl
Darwin – 199.0cpl
Hobart – 187.6cpl
Melbourne – 182.0cpl
Perth – 174.6cpl
Sydney – 182.2cpl
Very little retail diesel price movement over the past week.
Wholesale petrol prices decreased this week with average TGP prices going down by 1.6cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 0.9cpl.
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Information is based on average price trends up to 10 am AEDT on 3 July 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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