Fuel prices have skyrocketed all over the country again this week – led by peak prices of 196.9cpl in Brisbane. Interesting to think back to around 2 years ago when the average cost of petrol was around 99cpl!

The combination of the weakened Australian and US dollar in recent weeks plus political unrest in Europe and the Middle East have caused a massive 7 year high in crude oil prices, driving up the cost of petrol.



Current ULP average: 170.0cpl

Price range over the last week: 150.9cpl – 200.0cpl

Brisbane hit a record peak price of 196.9cpl for unleaded petrol this week, marking the start of their new fuel price cycle.



Current ULP average: 169.7cpl

Price range over the last week: 151.7cpl – 189.9cpl

Again, no real fluctuation in fuel price averages across Sydney this week.



Current ULP average: 183.6cpl

Price range over the last week: 151.7cpl – 197.9cpl

Melbourne took the reins of being the highest priced capital this week, with fuel price peaking at around 193.9cpl. This high fuel price trend is indicating that the city has entered a new petrol price cycle this week.



Current ULP average: 181.2cpl

Price range over the last week: 147.9cpl – 195.6cpl

Thankfully for Adelaide motorists, fuel prices are on the way down after hitting a peak of 189.9cpl last week.



Current ULP average: 165.3cpl

Price range over the last week: 153.9cpl – 190.0cpl

Prices are set to rise today but there may still be a few retailers who haven’t yet increased their fuel prices, so fill up if you see petrol prices in the 160’s – 170’s before they rise into the high 190’s.



Current ULP average: 178.2cpl

Price range over the last week: 131.9cpl – 179.9cpl

A huge 7.5cpl rise in fuel prices this week – quite a contrast from the trends we have been seeing over the past month for Darwin.


Current ULP average: 181.8cpl

Price range over the last week: 156.9cpl – 188.9cpl

Hobart experienced a small increase in average petrol prices this week


Retail diesel prices

Current Diesel averages:

ACT – 175.6cpl   

Adelaide – 173.4cpl 

Brisbane 174.5cpl  

Darwin 178.4cpl 

Hobart 183.1cpl  

Melbourne 172.7cpl

Perth 172.9cpl 

Sydney 172.8cpl


Diesel prices have increased substantially this week across the country.


Wholesale trends

A large jump in wholesale petrol prices this week, with average TGP prices increasing by 5.0cpl.

Wholesale diesel prices also increased this week, with average TGP prices rising by 4.6cpl.


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 7 February 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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