Some interesting movement in fuel prices ahead of the Australia Day public holiday next week. While Perth motorists can expect to see the low point in their cycle around the 25th, retailers in all other capitals are increasing their pump prices. Brisbane is leading the way with a 182.6cpl average cost for unleaded petrol at the moment.
Brisbane
Current ULP average: 182.6cpl
Price range over the last week: 139.5cpl – 191.9cpl
Brisbane holds the title for highest average petrol price out of all the capitals this week, and is clearly at the top of its current fuel price cycle.
Sydney
Current ULP average: 171.0cpl
Price range over the last week: 140.9cpl – 191.9cpl
The current trend across Sydney is seeing more and more retailers hiking up fuel prices over the past week, indicating that it is close to reaching the peak of its petrol price cycle.
Melbourne
Current ULP average: 167.5cpl
Price range over the last week: 139.9cpl – 183.8cpl
Wholesale prices are on the way up so Melbourne motorists can expect to see rising fuel price trends over the coming weeks. The current price cycle peaked lower than that of Brisbane’s, indicating that the current petrol prices are not going to last long.
Adelaide
Current ULP average: 150.8cpl
Price range over the last week: 133.9cpl – 188.0cpl
Adelaide is very likely to make a huge leap from cheapest to most expensive capital over the next few days – many retailers have already changed their price for unleaded petrol to 187.9cpl.
Perth
Current ULP average: 169.6cpl
Price range over the last week: 144.7cpl – 187.9cpl
Perth motorists can expect to see the low part of the current fuel price cycle around Australia Day.
Darwin
Current ULP average: 168.5cpl
Price range over the last week: 131.9cpl – 169.9cpl
Hobart
Current ULP average: 177.2cpl
Price range over the last week: 156.9cpl – 183.6cpl
Retail diesel prices
Current Diesel averages:
ACT – 167.9cpl
Adelaide – 160.9cpl
Brisbane – 164.6cpl
Darwin – 165.8cpl
Hobart – 174.8cpl
Melbourne – 164.2cpl
Perth – 163.0cpl
Sydney – 163.4cpl
Due to recent increases in wholesale fuel prices, retail diesel prices can be expected to follow suit over the coming weeks.
Wholesale trends
An increase in wholesale petrol prices this week, with average TGP prices rising by 2.4cpl.
There was also a significant increase in wholesale diesel prices, with average TGP prices jumping by 4.5cpl this week.
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Information is based on average price trends up to 10 am AEDT on 17 January 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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