It is hard to see fuel prices evening out or returning to ‘normal levels’, as the volatility and unpredictability of crude oil markets are causing significant surges in barrel prices. It is expected that retail prices will continue to rise over the coming weeks due to a lag in supply and slow stock replenishment.

 

Brisbane

Current ULP average: 179.3cpl

Price range over the last week: 159.7cpl – 210.9cpl

The next fuel price cycle is due for Brisbane, however there is no indication of it commencing just yet.  Motorists can expect to see the price of unleaded petrol at around the 210cpl mark during the next peak.

 

Sydney

Current ULP average: 181.9cpl

Price range over the last week: 165.9cpl – 205.9cpl

The rapid rise in wholesale fuel prices has yet again discouraged retailers to discount, with the average price of petrol only slightly decreasing this week. Like Brisbane, there is no indication of a new fuel price cycle, but it is imminent.

 

Melbourne

Current ULP average: 193.7cpl

Price range over the last week: 165.9cpl – 213.9cpl

There seems to be two price points for unleaded petrol in Melbourne this week – 199.9cpl or 189.9cpl, depending on the suburb. There are still many retailers offering fuel at around the 170cpl mark, so motorists do have the opportunity to shop around and save.

 

Adelaide

Price range over the last week: 161.9cpl – 200.2cpl

Another significant peak in the current petrol price cycle is expected soon for Adelaide, so with average fuel prices the lowest of all capitals this week, now is a great time to fill up.

 

Perth

Current ULP average: 179.7cpl

Price range over the last week: 165.7cpl – 199.9cpl

The new fuel price cycle is expected to start today, with petrol prices set to experience a huge rise.  Looking at the rapid movement of wholesale prices over the past couple of weeks, unleaded petrol could very well jump to 215cpl (and beyond!)

 

Darwin

Current ULP average: 188.5cpl

Price range over the last week: 131.9cpl – 189.9cpl

Just a moderate change in average fuel prices for Darwin this week.

Hobart

Current ULP average: 197.3cpl

Price range over the last week: 156.9cpl – 205.9cpl

Hobart still holds the title for highest average fuel price out of all the capital cities.

 

Retail diesel prices

Current Diesel averages:

ACT – 190.4cpl

Adelaide – 185.3cpl

Brisbane – 186.4cpl

Darwin – 190.2cpl

Hobart – 194.9cpl

Melbourne – 186.2cpl

Perth – 184.5cpl

Sydney – 186.3cpl

 

The cost of diesel continues to reflect the rise in wholesale prices.

 

Wholesale trends

Wholesale petrol prices increased this week with average TGP prices going up by a significant 8.0cpl.

Wholesale diesel prices also increased this week with average TGP prices rising by a massive 10.8cpl.

 

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 7 March 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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