Over the last few weeks we’ve been monitoring price cycles in Brisbane, Melbourne and Sydney. It looks like Sydney’s latest price cycle has been a long time in the making. It’s been over 2 weeks since we saw any signs of a new price cycle. This week we can expect prices to be 211.9c.l peak for unleaded. Though most retailers have not moved prices up as yet. We’ll keep you up to date to see if other major cities follow suit.
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Current ULP average: 179.4cpl
Price range over the last week: 161.9cpl – 228.9cpl
Brisbane prices are now moving to the new peak price of 209.9cpl for unleaded which we can expect to spread across approximately 20% of retailers.
Current ULP average: 191.1cpl
Price range over the last week: 159.5cpl – 213.9cpl
Sydney now holds the highest average price across all major cities. We can expect more retails to increase their prices to 209.9cpl.
Current ULP average: 173.9cpl
Price range over the last week: 159.5cpl – 211.9cpl
Melbourne has also followed with just under 10% of locations increasing their prices up to 209.9cpl.
Current ULP average: 187.9ccpl
Price range over the last week: 169.9cpl – 212.4cpl
Adelaide prices have come down considerably from their peak last week. We can expect another price cycle in the next week.
Current ULP average: 172.5cpl
Price range over the last week: 162.7cpl – 209.9cpl
Perth can expect another another peak of 209.9cpl again this Wednesday.
Darwin (no price cycle)
Current ULP average: 177.6cpl
Price range over the last week: 171.5cpl – 185.9cpl
A slight increase for Darwin over the past week.
Hobart (no price cycle)
Current ULP average: = 184.4cpl
Price range over the last week: 174.9cpl – 194.9cpl
Similar to Darwin Hobart saw a small rise in the past week.
Retail diesel prices
Current Diesel averages:
ACT – 211.6cpl
Adelaide – 197.1cpl
Brisbane – 206.1cpl
Darwin – 217.1cpl
Hobart – 211.6cpl
Melbourne – 205.2cpl
Perth – 195.4cpl
Sydney – 204.0cpl
Small drop in average retail diesel prices across most capitals over the past week.
Wholesale petrol prices decreased this week with average TGP prices going down by 3.0cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 3.8cpl.
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Information is based on average price trends up to 10 am AEDT on 6 February 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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