Sydney and Melbourne are getting closer to the bottom of the price cycles, and we may see some signs of the new peak price ahead in the next week or so. Falling wholesale prices may delay this however – or at the least see lower prices for this next peak (eg 199.9cl). Either way this is good news for motorists.


Current ULP average: 185.7cpl

Price range over the last week: 167.5cpl – 219.9cpl

Prices continued to fall in Brisbane, but still lagging behind Sydney and Melbourne.


Current ULP average: 174.9cpl

Price range over the last week: 160.9cpl – 209.9cpl

Sydney average prices also continued to fall in the past week, and more considerably in the past few days. We can expect to see the first signs of the next price cycle in the next week or so.


Current ULP average: 179.5cpl

Price range over the last week: 169.9cpl – 200.0cpl

Similar to Sydney, Melbourne continued to fall and may be on-course for a new price cycle in the coming week.


Current ULP average: 189.4cpl

Price range over the last week: 160.5cpl – 214.5cpl

The market in Adelaide briefly spiked to 209.9c/L last week, but not all retailers went up to this price. Some still haven’t moved prices up at all. As a result, those that were up at 209.9cpl have now moved prices back down, or at least down to 199.9cpl.


Current ULP average: 171.5cpl

Price range over the last week: 162.7cpl – 205.9cpl

Perth average prices were lower over the past week, most likely reflecting lower wholesale prices. If these continue to fall we may see Wednesday’s expected peak to be down to 9cpl.


Current ULP average: 181.8cpl

Price range over the last week: 175.5cpl – 187.9cpl

Only a small drop in average prices for Darwin over the past week. We could see bigger drops in the coming weeks though as a result of wholesale price movements


Current ULP average: 190.4cpl

Price range over the last week: 179.9cpl – 197.9cpl

Hobart prices fell by approx. 3cpl, slightly more than Darwin.

Retail diesel prices

Current Diesel averages:

ACT – 200.6cpl

Adelaide – 179.6cpl

Brisbane – 192.8cpl

Darwin – 209.1cpl

Hobart – 201.0cpl

Melbourne – 191.9cpl

Perth – 183.4cpl

Sydney – 191.1cpl

Retail diesel prices continued to fall due to dropping wholesale prices and we can expect more to come in the next week or so.

Wholesale trends

Wholesale petrol prices decreased this week with average TGP prices going down by 5.7cpl.

Wholesale diesel prices decreased this week with average TGP prices going down by 6.1cpl.

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Information is based on average price trends up to 10 am AEDT on 8 May 2023. 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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