For the first time in months we’ve seen the price of crude increase indicating a shift in balance in supply and demand for petrol. With the spike in spot prices this week it’s almost been an unwanted by-product of the need for diesel production. Might be a while for Brisbane, Melbourne Perth and Sydney to fill up, however if you live in Adelaide now is the perfect time to fill up!
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Current ULP average: 210.9cpl
Price range over the last week: 168.7cpl – 218.9cpl
Expect to see a discount in the cycle kick over the next week, however for now the peak in price cycles has well and truly hit Brisbane.
Current ULP average: 206.9cpl
Price range over the last week: 161.8cpl – 216.9cpl
The average across Sydney is not as high as we can see in Brisbane and Melbourne with some suburbs still hovering at the lower prices.
Current ULP average: 209.8cpl
Price range over the last week: 165.9cpl – 220.0cpl
Similar position as Brisbane, Melbourne is sitting at the peak of this price cycle. We are likely to see steady discounting over the coming weeks.
Current ULP average: 172.1cpl
Price range over the last week: 161.5cpl – 219.7cpl
Expect to see a new price cycle hit Adelaide over the next week with many retailers expected to increase ULP prices to 214.9cpl.
Current ULP average: 180.9cpl
Price range over the last week: 165.7cpl – 214.7cpl
If you’re in Perth, expect to see a price fall next Tuesday, with Perth in its mid-cycle we won’t see much change.
Darwin (no price cycle)
Current ULP average: 189.3cpl
Price range over the last week: 181.5cpl – 192.9cpl
Little movement for Darwin again this week.
Hobart (no price cycle)
Current ULP average: 193.4cpl
Price range over the last week: 181.7cpl – 204.0cpl
Slight increase for Hobart over the past week.
Retail diesel prices
Current Diesel averages:
ACT – 236.2cpl
Adelaide – 228.8cpl
Brisbane – 237.4cpl,
Darwin – 239.2cpl
Hobart – 243.6cpl
Melbourne – 236.2cpl
Perth – 231.8cpl
Sydney – 236.7cpl
Minimum movement in retail diesel prices over the week, with on Adelaide, Perth and Sydney dropping sightly. Adelaide still holding its title as the cheapest capital this week.
Wholesale petrol prices increased this week with average TGP prices going up by 0.2cpl.
Wholesale diesel prices decreased this week with average TGP prices going down by 1.2cpl.
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Information is based on average price trends up to 10 am AEDT on 7 November 2022.
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