Australian prices are currently being shielded somewhat from rising fuel prices due to the AUS/USD exchange rate improvement. Without this, we would have seen wholesale prices up to 4-5c/L higher than they are at the moment. The other trend emerging is diesel spot prices are overtaking petrol spot prices again due to a higher demand.
Current ULP average: 185.3cpl
Price range over the last week: 162.7cpl – 210.9cpl
Brisbane prices continued to fall over the past fortnight, in line with the other east coast capitals. Given the recent period of price cycles – we can expect another 2-3 weeks before we see the lowest prices though..
Current ULP average: 183.6cpl
Price range over the last week: 160.7cpl – 207.9cpl
Sydney has a very similar trend to Brisbane, however some bigger drops in unleaded 91 in the most recent week. Likely to be at least 3 weeks here before we get to the bottom of the price cycle.
Current ULP average: 184.6cpl
Price range over the last week: 165.9cpl – 210.0cpl
Similar to Brisbane and Sydney – Melbourne will be 2-3 weeks off the lowest prices.
Current ULP average: 184.1cpl
Price range over the last week: 155.5cpl – 199.9cpl
Adelaide has just spiked again with the new peak price at 192.9cpl for unleaded 91. There are still a handful of locations posting lower prices but that may not last long.
Current ULP average: 168.5cpl
Price range over the last week: 158.7cpl – 207.9cpl
Perth’s average has dropped again and we can expect a lower peak price for this week, due to falling wholesale prices. Wednesday’s peak price is expected to be 199.9cpl or lower this time around.
Current ULP average: 178.6cpl
Price range over the last week: 174.5cpl – 181.9cpl
A few cents lower in Darwin over the past fortnight.
Current ULP average: 181.9cpl
Price range over the last week: 172.9cpl – 192.9cpl
Hobart is similar to Darwin, with average prices falling around 3cpl over the past 2 weeks.
Retail diesel prices
Current Diesel averages:
ACT – 195.2cpl
Adelaide – 173.6cpl
Brisbane – 184.6cpl
Darwin – 199.3cpl
Hobart – 186.8cpl
Melbourne – 182.8cpl
Perth – 174.9cpl
Sydney – 182.8cpl
Some small falls (1-3cpl) in average diesel prices in all capitals over the past fortnight.
Wholesale petrol prices decreased this week with average TGP prices going down by 2.6cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 2.2cpl.
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Information is based on average price trends up to 10 am AEDT on 19 June 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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