With wholesale prices continuing to drop for both petrol and diesel, this is great news for motorists. Since the announcement of fuel extension by the New Zealand government, Australians are keeping a close eye on the Federal Government’s decision. It’s expected that they too will reinstate the full fuel excise in September.
Brisbane
Current ULP average: 180.7cpl
Price range over the last week: 164.9cpl – 239.9cpl
Despite wholesale prices continuing to drop, there are no new signs of a new cycle for Brisbane.
Sydney
Current ULP average: 181.7cpl
Price range over the last week: 154.9cpl – 224.9cpl
Sydney’s price cycle is likely to be another week away, unless we see a sudden rise in wholesale prices.
Melbourne
Current ULP average: 195.6cpl
Price range over the last week: 169.9cpl – 236.1cpl
Great news for motorists, with prices this week dropping down approx. 20cpl over the last week – yet a long way to match other capitals.
Adelaide
Current ULP average: 188.5cpl
Price range over the last week: 154.9cpl – 219.7cpl
This week we’re seeing a slight drop in Adelaide prices after a brief peak of 199.9cpl.
Perth
Current ULP average: 166.7cpl
Price range over the last week: 156.0cpl – 210.0cpl
Perth is currently at the bottom of the cycle, we expect to see a price jump on Wednesday within the 190s.
Darwin (no price cycle)
Current ULP average: 204.4cpl
Price range over the last week: 199.5cpl – 209.9cpl
Price averages in Darwin fell slightly, taking over as the as the highest priced capital this week.
Hobart (no price cycle)
Current ULP average: 200.4cpl
Price range over the last week: 179.9cpl – 223.9cpl
Hobart experienced a price drop of approx. 8cpl, ranking in second under Darwin as the second highest capital this week.
Retail diesel prices
Current Diesel averages:
ACT – 224.5cpl
Adelaide – 219.0cpl
Brisbane – 227.8cpl
Darwin – 232.5cpl
Hobart – 230.7cpl
Melbourne – 222.6cpl
Perth – 217.2cpl
Sydney – 220.0cpl
We can expect another drop for diesel across all capital cities within the next week.
Wholesale trends
Wholesale petrol prices dropped significantly this week, with average TGP prices decreasing by 7.4cpl.
Wholesale diesel prices also decreased this week, with average TGP prices dropping by 6.5cpl.
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Information is based on average price trends up to 10 am AEDT on 25 July 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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