This is the week where we generally see massive petrol price increases – it will just be a matter of which cities, when, and how quickly prices will peak. Judging by Adelaide’s fuel price trends, it is most likely prices around the country will range from the mid to high 180’s. After the majority of retailers heavily discounted pump prices during the previous week, keep an eye on Brisbane and Melbourne markets in particular this coming week as they enter their new price cycles.
Brisbane
Current ULP average: 157.3cpl
Price range over the last week: 139.9cpl – 193.7cpl
The massive drop in unleaded petrol (ULP) prices this week indicates that it is very likely Brisbane is about to enter a new fuel price cycle.
Sydney
Current ULP average: 173.5cpl
Price range over the last week: 145.7cpl – 193.9cpl
There was an overall slow downward movement in fuel price trends this week. Unfortunately for Sydney motorists, petrol prices are most likely looking to stay high during the Christmas period.
Melbourne
Current ULP average: 150.0cpl
Price range over the last week: 132.9cpl – 185.5cpl
On average, retailers dropped average fuel prices by at least 10cpl across Melbourne this week – a handy time for motorists to fill up just before the next fuel price cycle, which is due before Christmas.
Adelaide
Current ULP average: 152.3cpl
Price range over the last week: 129.9cpl – 188.9cpl
While average fuel prices dropped over the past week allowing motorists to fill up at very low pump prices, ULP prices significantly increased over the past day, crowning Adelaide as the highest priced capital city this week. Average fuel prices are looking to remain around the 180cpl mark.
Perth
Current ULP average: 144.3cpl
Price range over the last week: 138.9cpl – 175.9cpl
With the bottom of the 2-week price cycle having come and gone on Tuesday, today’s new price increase is expected to range in the mid to high 180’s.
Darwin
Current ULP average: 168.3cpl
Price range over the last week: 131.9cpl – 169.9cpl
Another very small increase in fuel prices for Darwin this week.
Hobart
Current ULP average: 177.9cpl
Price range over the last week: 159.9pl – 183.6cpl
A slight change from last week, Hobart experienced a 0.5cpl drop in fuel prices.
Retail diesel prices
Current Diesel averages:
ACT – 167.1cpl
Adelaide – 167.1cpl
Brisbane – 158.1cpl
Darwin – 162.0cpl
Hobart – 175.6cpl
Melbourne – 162.4cpl
Perth – 161.3cpl
Sydney – 161.9cpl
Adelaide again remains the lowest-priced capital for diesel this week, otherwise relatively stable price trends across the country this week.
Wholesale trends
An increase in wholesale petrol prices this week, with a 2.3cpl rise in average TGP prices.
Similarly, there was an increase in wholesale diesel prices, with average TGP prices rising by 2.1cpl.
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Information is based on average price trends up to 10 am AEDT on 13 December 2021. 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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