Brisbane’s latest price cycle lagged significantly behind the other east coast capitals, but it has now come to bear with significant effect. The current average price is approx.10cpl higher than the nearest comparison (Adelaide) and could be up or around this level for quite a while yet. Other capital city price cycles (except for Adelaide) have been very slow to enter their discount phases lately.
Brisbane
Current ULP average: 205.9cpl
Price range over the last week: 166.5cpl – 219.9cpl
Brisbane prices rose significantly during the week as more retailers put their prices up. This should effectively be the peak now and we can expect the average to begin falling from now on. This is by far the highest priced capital right now.
Sydney
Current ULP average: 191.1cpl
Price range over the last week: 169.9cpl – 211.9cpl
Sydney’s average dropped by approx. 4.5cpl over the week. The speed of the discount cycle here has potentially been slowed up by rising wholesale prices.
Melbourne
Current ULP average: 193.9cpl
Price range over the last week: 168.9cpl – 209.9cpl
Melbourne’s prices have started to fall now, but very slowly.
Adelaide
Current ULP average: 195.6cpl
Price range over the last week: 164.5cpl – 213.5cpl
Adelaide is well and truly seeing a new price cycle with the new peak price of 208.9cpl the predominant price across the city for unleaded 91.
Perth
Current ULP average: 180.5cpl
Price range over the last week: 164.7cpl – 209.9cpl
Perth’s average prices for unleaded 91 are up approx. 4cpl vs last week. This is expected due to recent increases in wholesale prices. We can expect to see the new peak price on Wednesday to exceed 210cpl.
Darwin
Current ULP average: 182.4cpl
Price range over the last week: 173.5cpl – 184.9cpl
Approx. 3cpl average increase for Darwin during the week.
Hobart
Current ULP average: 192.7cpl
Price range over the last week: 182.9cpl – 198.1cpl
Very similar to Darwin, Hobart prices were up by around 3cpl.
Retail diesel prices
Current Diesel averages:
ACT – 204.0cpl
Adelaide – 188.3cpl
Brisbane – 197.2cpl
Darwin – 209.3cpl
Hobart – 206.8cpl
Melbourne – 197.0cpl
Perth – 188.3cpl
Sydney – 197.9cpl
Some very minor decreases across some of the capitals over the past week. This is despite some wholesale price increases.
Wholesale trends
Wholesale petrol prices increased this week with average TGP prices going up by 2.8cpl.
Wholesale diesel prices increased this week with average TGP prices going up by 0.6cpl.
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Information is based on average price trends up to 10 am AEDT on 4 April 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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