As predicted, the average price for unleaded petrol dropped significantly during the past week across the country. When looking at the overall movement due to excise cuts vs normal fuel price cycles, there is approximately 10cpl to filter through. Regional areas however have not seen the drastic fuel discounting by retailers, but this is expected to hit over the next 7 days.
Current ULP average: 182.1cpl
Price range over the last week: 158.9cpl – 230.9cpl
The fuel excise reduction seems to have translated to reduced fuel prices, although with some retailers still posting high pump prices, Brisbane motorists are yet to see the full effect.
Current ULP average: 181.9cpl
Price range over the last week: 154.9cpl – 229.9cpl
Like Brisbane, Sydney fuel retailers have decreased their petrol prices after the fuel excise reduction announcement.
Current ULP average: 178.8cpl
Price range over the last week: 157.9cpl – 220.9pl
Fuel prices have been reduced even further this week in Melbourne, with retailers using the fuel excise reduction to slash petrol costs even more.
Current ULP average: 170.7cpl
Price range over the last week: 153.5cpl – 219.7cpl
Adelaide motorists had a good week – not only did retailers pass down the excise reduction to reduced fuel costs, petrol costs were driven down further by the usual discount cycle.
Current ULP average: 169.7cpl
Price range over the last week: 156.7cpl – 220.9cpl
Keep an eye on fuel price cycles in Perth to get a preview of peak prices for future price cycles. Today’s high price is looking to climb into the 190’s.
Current ULP average: 192.9cpl
Price range over the last week: 131.9cpl – 210.9cpl
Like the other capitals, Darwin saw a similar drop in fuel prices this week.
Current ULP average: 207.9cpl
Price range over the last week: 182.9cpl – 229.9cpl
As per usual, Hobart remains the highest priced fuel capital.
Retail diesel prices
Current Diesel averages:
ACT – 207.1cpl
Adelaide – 203.7cpl
Brisbane – 209.8cpl
Darwin – 213.0cpl
Hobart – 217.3cpl
Melbourne – 205.5cpl
Perth – 201.7cpl
Sydney – 203.2cpl
Finally some good news for drivers filling up with diesel – significant price decreases across all capital cities, with Perth the lowest of all.
Wholesale petrol prices dropped massively this week, with average TGP prices decreasing by 28.9cpl (Excluding the excise reduction, this represents a move of approximately 4.6cpl)
Wholesale diesel prices also decreased significantly this week, with average TGP prices dropping by 26.7cpl. (Excluding the excise reduction, this represents a move of approximately 2.4cpl)
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Information is based on average price trends up to 10 am AEDT on 4 April 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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