Based on global demand and product shortfall in Asia wholesale diesel prices increased during the week. This will likely impact retail prices over the coming weeks which will also place pressure on transport costs. We’re expected to this overflow onto cost-of-living and business expenses as well.
Brisbane
Current ULP average: 179.0cpl
Price range over the last week: 153.9cpl – 199.9cpl
Average prices dropped by 10cpl in Brisbane over the last week in comparison to other capitals.
Sydney
Current ULP average: 181.5cpl
Price range over the last week: 146.5cpl – 219.9cpl
Sydney also saw an increase due to ore retailers putting prices up as the cycle continues to carry across the state. This means Sydney is now sitting at the second highest priced capital for the week.
Melbourne
Current ULP average: 178.6pl
Price range over the last week: 148.5cpl – 206.9cpl
Good news for motorists in Melbourne with average prices slightly dropping. This is most likely a combination of some locations putting prices up whilst others are slowly starting to discount down from the top of the price cycle.
Adelaide
Current ULP average: 161.1cpl
Price range over the last week: 142.9cpl – 219.7cpl
Interest change for Adelaide who have experienced a start of a bigger cycle with a small jump from last week – Adelaide’s current new peak price is 199.9cpl with many locations selling ULP for 149.9cpl.
Perth
Current ULP average: 166.8cpl
Price range over the last week: 144.7cpl – 199.9cpl
We’re expecting prices to continue to drop for Perth.
Darwin (no price cycle)
Current ULP average: 182.8cpl
Price range over the last week: 177.5cpl – 186.9cpl
Slight drop in prices for Darwin over the last week – however Darwin is still ranking as one of the highest capitals just above Sydney.
Hobart (no price cycle)
Current ULP average: 175.3cpl
Price range over the last week: 163.9cpl – 198.9cpl
Similar to Darwin – Hobart averages are down since last week.
Retail diesel prices
Current Diesel averages:
ACT – 207.6cpl
Adelaide – 196.7cpl
Brisbane – 200.0cpl
Darwin – 207.8cpl
Hobart – 203.7cpl
Melbourne – 200.1cpl
Perth – 193.9cpl
Sydney – 202.0cpl
Minor movements across each state for diesel with prices expected to rise due to the wholesale prices increasing over the week.
Wholesale trends
Wholesale petrol prices increased this week, with average TGP prices going dropping by 4.9cpl.
Wholesale diesel prices also increased this week, with average TGP prices dropping by 14.4cpl.
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Information is based on average price trends up to 10 am AEDT on 29 August 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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