December is always an interesting time in terms of petrol price trends. Generally speaking, retailers hold off on increasing fuel prices during the last few days prior to Christmas, meaning that prices may either jump next week, or the current pump prices around the country will remain stable well into the holiday period. Sydney will most likely experience stability, while Melbourne and Brisbane markets may enter a high cycle next week.

 

Brisbane

Current ULP average: 169.4cpl

Price range over the last week: 143.9cpl – 193.9cpl

Brisbane is still 1-2 weeks away from the bottom of their fuel price cycle, however, petrol price trends have definitely shown a drop over the past week.

 

Sydney

Current ULP average: 178.2cpl

Price range over the last week: 143.9cpl – 193.9cpl

Retailers have priced ULP in the 180 – 190 range this week, indicating Sydney has reached the peak of their fuel price cycle.

 

Melbourne

Current ULP average: 160.3cpl

Price range over the last week: 140.0cpl – 194.9cpl

With the considerable drop in fuel price trends over the past 7 days, it is likely that Melbourne will experience another petrol price cycle prior to Christmas.

 

Adelaide

Current ULP average: 144.3cpl

Price range over the last week: 135.8cpl – 184.9cpl

With the pump price of ULP reaching the 184.9cpl mark at several retailers around the city, this is indicative of the new price cycle for Adelaide. With that in mind, more retailers are likely to follow suit and hike up their fuel prices.

 

Perth

Current ULP average: 164.2cpl

Price range over the last week: 141.8cpl – 193.9cpl

The Perth price cycle has hit the midway point, with the next price drop due on Tuesday the 14th.

 

Darwin

Current ULP average: 168.2cpl

Price range over the last week: 131.9cpl – 169.9cpl

Only a tiny 0.1cpl dip in fuel prices for Darwin this week.

 

Hobart

Current ULP average: 178.4cpl

Price range over the last week: 165.8cpl – 183.9cpl

Similar to Darwin, only a small 0.1cpl drop in petrol pump prices for Hobart this week.

 

Retail diesel prices

Current Diesel averages:

ACT – 167.3cpl

Adelaide – 159.4cpl

Brisbane – 163.5cpl

Darwin – 165.3cpl

Hobart – 174.9cpl

Melbourne – 162.8cpl

Perth – 163.9cpl

Sydney – 162.3cpl

Adelaide remains the lowest-priced capital city this week, with very little change in diesel prices across the board.

 

Wholesale trends

This week, wholesale petrol prices dropped drastically, with average TGP prices decreasing by 6.0cpl.

There was also a significant decrease in wholesale diesel prices, with average TGP prices decreasing by 6.2cpl.

 

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 6 December 2021. 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.