Another week, and more record fuel prices have been seen across the country. If this situation remains as is, the Federal Government has a tough decision to make in terms of reinstating the full fuel excise in September. Peak prices of 239.9cpl were displayed on pumps across many of the nations capitals, and the new cycles in Brisbane and Sydney are likely to initiate a new national average fuel price record within the next couple of weeks.
Brisbane
Current ULP average: 209.0cpl
Price range over the last week: 197.4cpl – 239.9cpl
Fuel prices are looking to climb up to around 239.9cpl within the next week, as Brisbane approaches the bottom of its current price cycle.
Sydney
Current ULP average: 209.5cpl
Price range over the last week: 189.9cpl – 239.9cpl
If you’re a Sydney motorist, be sure to fill up within the next week before prices peak into the high 230’s.
Melbourne
Current ULP average: 214.5cpl
Price range over the last week: 181.4cpl– 241.1cpl
This week, around 40% of retailers raised the price of unleaded petrol to 239.9cpl – setting a new record for the current fuel price cycle.
Adelaide
Current ULP average: 210.0cpl
Price range over the last week: 201.0cpl – 247.1cpl
Record highs are being set over in Adelaide too, with pump prices peaking at 239.9cpl this week.
Perth
Current ULP average: 212.0cpl
Price range over the last week: 192.7cpl – 239.9cpl
Head to the petrol station within the next week if you’re in Perth – fuel prices are currently in the middle of this cycle, and are therefore due to drop further after last week’s price high of 239.9cpl.
Darwin (no price cycle)
Current ULP average: 209.6cpl
Price range over the last week: 205.5cpl – 209.9cpl
Just a small jump in fuel prices for Darwin this week.
Hobart (no price cycle)
Current ULP average: 219.0cpl
Price range over the last week: 204.9cpl – 231.9cpl
This week saw a 5cpl rise on average fuel prices in Hobart.
Retail diesel prices
Current Diesel averages:
ACT – 237.9cpl
Adelaide – 236.1cpl
Brisbane – 236.1cpl
Darwin – 236.5cpl
Hobart – 245.2cpl
Melbourne – 238.1cpl
Perth – 231.1cpl
Sydney – 236.2cpl
Perth holds the lowest average retail diesel price this week, albeit the lowest of a bunch of scarily high prices.
Wholesale trends
Wholesale petrol prices dropped slightly this week, with average TGP prices decreasing by 1.0cpl.
Wholesale diesel prices also decreased this week, with average TGP prices going down by 6.5cpl.
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 4 July 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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