The fuel excise relief doesn’t seem to be doing too much relieving – both Adelaide and Melbourne have seen more record high fuel prices over the past week. The newly elected federal government have decided to reinstate the reaming half of the excise (22.1cpl) later on in the year in September, which will no doubt cause some controversy.
Current ULP average: 194.3cpl
Price range over the last week: 181.9cpl – 226.9cpl
Brisbane drivers, fill up now if you wish to take advantage of prices at the bottom of this current cycle, as unleaded fuel prices are expected to shoot up to 224.9cpl shortly.
Current ULP average: 195.6cpl
Price range over the last week: 177.9cpl – 229.9cpl
Sydney are looking to follow Brisbane’s current cycle trend – petrol prices are forecasted to peak in the mid 220’s soon.
Current ULP average: 195.1cpl
Price range over the last week: 179.9cpl – 225.1cpl
This week marks the new price cycle for Melbourne – unleaded fuel prices have been posted at 224.9cpl by 10% of retailers across the metropolitan area.
Current ULP average: 202.9cpl
Price range over the last week: 174.9cpl – 229.8cpl
If you’re an Adelaide motorist, fill up now if you can – the majority of retailers in are expected to increase current pump prices to 224.9cpl by tomorrow (7 June).
Current ULP average: 200.8cpl
Price range over the last week: 182.3cpl – 227.9cpl
While the peak price of 219.9cpl in the current price cycle was lower than forecasted, the next high price is looking to sit in the 220’s.
Darwin (no price cycle)
Current ULP average: 198.1cpl
Price range over the last week: 131.9cpl – 199.9cpl
Very minor movement in Darwin this week.
Hobart (no price cycle)
Current ULP average: 201.2cpl
Price range over the last week: 173.8cpl – 211.1cpl
Only a slight increase in fuel prices for Hobart this week.
Retail diesel prices
Current Diesel averages:
ACT – 210.4cpl
Adelaide – 206.8cpl
Brisbane – 209.4cpl
Darwin – 209.0cpl
Hobart – 217.9cpl
Melbourne – 206.3cpl
Perth – 205.0cpl
Sydney – 206.1pl
While there was little change in diesel prices this week, skyrocketing wholesales prices will reflect in an increase in pump prices within the next few weeks.
Wholesale petrol prices rose this week, with average TGP prices increasing by 3.1cpl.
Wholesale diesel prices increased this week, with average TGP prices jumping by a significant 12.3cpl.
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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 June 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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