While there is so much attention on fuel pricing at the moment, most retailers have opted to discount rather than hike up prices before the Easter break. For Brisbane, Sydney, Melbourne and Adelaide, this has resulted in no new fuel price cycles – which would usually be the norm coming into a long weekend.
Brisbane
Current ULP average: 166.61cpl
Price range over the last week: 150.9cpl – 230.9cpl
Thanks to the further passing through of the fuel excise reduction, more wholesale price drops and competitors discounting petrol prices, Brisbane saw a huge drop in fuel prices this week.
Sydney
Current ULP average: 166.9cpl
Price range over the last week: 145.9cpl – 229.9cpl
Further down the East coast, excise reductions, wholesale price decreases and discounting amongst retailers have also led to a significant decrease in fuel prices in Sydney.
Melbourne
Current ULP average: 164.1cpl
Price range over the last week: 150.9cpl – 210.7pl
As per Sydney and Brisbane, Melbourne motorists were lucky to receive a huge fuel price drop just before the Easter long weekend due to competitor discounting, wholesale fuel price decreases and the passing through of further excise reductions.
Adelaide
Current ULP average: 152.2cpl
Price range over the last week: 142.9cpl – 219.7cpl
Instead of experiencing a peak as part of the usual fortnightly fuel price cycle, Adelaide retailers opted to discount petrol prices this week. Unleaded petrol across the city was the cheapest out of all the capital cities.
Perth
Current ULP average: 168.9cpl
Price range over the last week: 149.7cpl – 208.9cpl
For Perth, a low point in the current fuel price cycle is expected after the Easter long weekend, on Tuesday the 17th.
Darwin
Current ULP average: 184.6cpl
Price range over the last week: 179.5cpl – 199.9cpl
Compared to the other capitals across the country, there wasn’t much movement for petrol prices in Darwin.
Hobart
Current ULP average: 194.6cpl
Price range over the last week: 172.9cpl – 223.9cpl
Despite fuel prices dropping by over 12cpl over the past week, Hobart remains the most expensive capital for unleaded petrol.
Retail diesel prices
Current Diesel averages:
ACT – 196.1cpl
Adelaide – 188.0cpl
Brisbane – 196.4cpl
Darwin – 195.2cpl
Hobart – 201.6cpl
Melbourne – 192.5cpl
Perth – 191.1cpl
Sydney – 191.8cpl
Decreasing wholesale diesel prices could mean that there is further downward movement yet to come, albeit slowly when compared with ULP.
Wholesale trends
Wholesale petrol prices dropped this week, with average TGP prices decreasing by 5.2cpl.
Wholesale diesel prices also decreased this week, with average TGP prices dropping by 4.4cpl.
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Information is based on average price trends up to 10 am AEDT on 11 April 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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