Brisbane, Melbourne and Sydney were Motorists were left feeling uncertain with wholesale prices on a modest rise despite another fall over the last week. With average ULP prices in these cities sitting close to their respective TGP (Terminal Gate Price). We can expect some retailers to increase their prices again. We did see some smaller retails in Brisbane already do this – however Melbourne and Sydney have not made any changes as yet.
Brisbane
Current ULP average: 164.0cpl
Price range over the last week: 151.9cpl – 239.9cpl
A new price cycle has arrived for Brisbane with several retailers updating ULP prices to 199.9cpl last week. To date, there are only 7 locations and not yet spread across the city.
Sydney
Current ULP average: 164.0cpl
Price range over the last week: 113.9cpl – 219.9cpl
Unlike Brisbane, there is no sign of a price cycle for Sydney however it’s likely to be expected early next week.
Melbourne
Current ULP average: 167.1pl
Price range over the last week: 148.2cpl – 219.9cpl
Average prices have dropped greatly in Melbourne over the past two weeks. Putting Melbourne in alignment with Brisbane and Sydney’s price cycles for the coming week.
Adelaide
Current ULP average: 176.5cpl
Price range over the last week: 145.9cpl – 206.0cpl
With Adelaide approximately in its mid-cycle expect to see prices continue to drop over the next week.
Perth
Current ULP average: 160.2cpl
Price range over the last week: 148.7cpl – 208.9cpl
Perth seems be facing an unusual phase with its regular price cycle with two very short spikes in the last few weeks. Motorists will be keeping an eye out to see whether these price cycle spikes will continued over the next few weeks.
Darwin (no price cycle)
Current ULP average: 194.4cpl
Price range over the last week: 189.5cpl – 201.9cpl
This week motorists saw a slight drop for Darwin and ULP prices, though still ranking as the highest price capital this week.
Hobart (no price cycle)
Current ULP average: 187.8cpl
Price range over the last week: 170.9cpl – 209.9cpl
Hobart prices have continued to drop approx. 4cpl and doesn’t look like this will change over the next week.
Retail diesel prices
Current Diesel averages:
ACT – 214.7cpl
Adelaide – 206.5cpl
Brisbane – 213.6cpl
Darwin – 218.7cpl
Hobart – 215.5cpl
Melbourne – 211.0cpl
Perth – 201.8cpl
Sydney – 207.9cpl
With prices dropping across the board for Diesel, Perth has now ranked as the lowest price this week.
Wholesale trends
Wholesale petrol prices increased this week, with average TGP prices going up by 0.6cpl.
Wholesale diesel prices also decreased this week, with average TGP prices dropping by 1.0cpl
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Information is based on average price trends up to 10 am AEDT on 8 August 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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