Unfortunately for motorists across the country, petrol prices have reached their peak in the current cycle- or just about to reach the peak. Therefore, any discounting on fuel prices may still be weeks away for the majority of the capitals. Still no reprieve for those filling up with diesel – there are more price increases on the cards due to rising wholesale prices.
Brisbane
Current ULP average: 187.1cpl
Price range over the last week: 150.4cpl – 210.9cpl
Brisbane is at the start of its fuel price discount cycle after the peak was reached last week. It is now the highest priced capital for unleaded petrol this week.
Sydney
Current ULP average: 184.9cpl
Price range over the last week: 146.8cpl – 229.9cpl
It has taken a while for Sydney fuel prices to reach the peak of this current cycle. Some retailers across the city have discounted prices only slightly this week.
Melbourne
Current ULP average: 179.6cpl
Price range over the last week: 152.9cpl – 240.0pl
Melbourne has entered the discounting phase of its current petrol price cycle, with the average cost of unleaded petrol dropping minorly.
Adelaide
Current ULP average: 166.5cpl
Price range over the last week: 151.9cpl – 219.7cpl
During the next 7 days, Adelaide will be due to hit the bottom of their current fuel price cycle.
Perth
Current ULP average: 163.2cpl
Price range over the last week: 151.7cpl – 199.9cpl
Perth have hit the bottom of their current petrol price cycle today, and in turn are the lowest priced out of all the capitals. The next peak fuel price is looking to be around the mid 190’s mark.
Darwin (no price cycle)
Current ULP average: 184.0cpl
Price range over the last week: 131.9cpl – 187.9cpl
Darwin experienced only very little movement in fuel prices this week.
Hobart (no price cycle)
Current ULP average: 183.1cpl
Price range over the last week: 163.9cpl – 219.9cpl
Another slight increase in unleaded petrol for Darwin this week.
Retail diesel prices
Current Diesel averages:
ACT – 200.2cpl
Adelaide – 196.3cpl
Brisbane – 199.0cpl
Darwin – 198.2cpl
Hobart – 208.1cpl
Melbourne – 196.1cpl
Perth – 193.2cpl
Sydney – 197.0cpl
As per the usual trends with diesel, increases in wholesale prices caused an increase in retail prices across the country.
Wholesale trends
Wholesale petrol prices rose this week, with average TGP prices increasing by 3.6cpl.
Wholesale diesel prices also increased this week, with average TGP prices going up only slightly by 0.6cpl.
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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 2 May 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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