For the first time in a few months we are seeing petrol attracting premium over diesel. This will be interesting to see what happens over the next few weeks as we start to see many full schedules of many airlines help keep the prices up for crude oils. In the meantime, for motorists in Brisbane, Melbourne and Sydney now is a great time to fill up!
Brisbane
Current ULP average: 180.4cpl
Price range over the last week: 161.9cpl – 219.9cpl
Approx. 12% of locations have now moved their prices up in the start of this new price cycle. The new peak unleaded 91 price is 207.9cpl.
Sydney
Current ULP average: 180.1cpl
Price range over the last week: 155.9cpl – 209.9cpl
Similarly in Sydney around 12% of retail locations have moved up to the new peak of 205.9cpl for E10.
Melbourne
Current ULP average: 177.6cpl
Price range over the last week: 162.9cpl – 209.2cpl
Melbourne is tracking in a similar way to Brisbane and Sydney at 11% of locations to have moved prices up to 207.9cpl for unleaded 91.
Adelaide
Current ULP average: 190.3cpl
Price range over the last week: 152.5cpl – 202.2cpl
The Adelaide average unleaded 91 price has moved down from the peak of 197.9cpl last week. And should continue to fall for the next week or so.
Perth
Current ULP average: 168.7cpl
Price range over the last week: 154.9cpl – 205.9cpl
The average price in Perth is 3.5cpl higher than this time last week, most likely due to the effect of wholesale price rises.
Darwin
Current ULP average: 181.5cpl
Price range over the last week: 175.5cpl – 183.9cpl
No changes for Darwin again this week.
Hobart
Current ULP average: 183.1cpl
Price range over the last week: 172.9ccpl – 192.9cpl
Slightly small change for average prices in Hobart this week.
Retail diesel prices
Current Diesel averages:
ACT – 193.8cpl
Adelaide – 176.7cpl
Brisbane – 186.1cpl
Darwin – 203.9cpl
Hobart – 189.0cpl
Melbourne – 184.4cpl
Perth – 175.7cpl
Sydney – 182.9cpl
Very slight falls in retail diesel prices across all capitals in the past week. This is set to turn around shortly as a result of wholesale price rises flowing through.
Wholesale trends
Wholesale petrol prices decreased this week with average TGP prices going up by 5.1cpl.
Wholesale diesel prices decreased this week with average TGP prices going up by 2.0cpl.
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Information is based on average price trends up to 10 am AEDT on 29 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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