Fuel Price Update.

When are fuel prices likely to be at their lowest?

Adelaide.

Fill Up

Now

Brisbane.

Fill Up

Now

Melbourne.

Fill Up

Now

Perth.

Fill Up

Mon / Tues

Sydney.

Fill Up

Now

Fuel price trends update 28 May 2024

There may be another big surge in the national average fuel price if the timing of four capitals aligns in the coming week or two. Currently, Brisbane, Sydney, Melbourne, and Adelaide are nearing the bottom of their price cycles, which means price jumps are coming soon in all of these cities. Wholesale prices have still been going down, as have regional pump prices, so we won’t see another record, but it will certainly add to inflationary pressure.

Sydney prices fell again in the past week, but the average was only down 4.6cpl. This indicates we are getting closer to the bottom of the price cycle. There are already approximately eight locations in Sydney’s Eastern Suburbs posting 229.9cpl for unleaded 91.

Melbourne is in a similar situation as Brisbane and Sydney this week, with discounting slowing ahead of the next price cycle.

Discounting is slowing in Brisbane at the moment as we see the average price get closer to the bottom of the price cycle.

There was a big drop in Adelaide prices over the past week, with the average falling by around 20cpl. Motorists there can expect low prices for another week before the next price jump.

Perth average prices dropped slightly from this time last week. We expect the peak price (Wednesday) to be around 219.9cpl again this week.

Darwin average prices fell by approximately 3.5cpl over the past week.

Hobart average prices fell by approximately 1.8cpl over the past week.

Adelaide.

Current ULP average: 180.8 cpl
Price range over the last week: 167.9 cpl - 210.9 cpl
Current Diesel averages: 190.8 cpl

Brisbane.

Current ULP average: 187.0 cpl
Price range over the last week: 171.9 cpl - 224.9 cpl
Current Diesel averages: 197 cpl

Darwin.

Current ULP average: 190.9 cpl
Price range over the last week: 177.9 cpl - 203 cpl
Current Diesel averages: 194.1 cpl

Hobart.

Current ULP average: 201.1 cpl
Price range over the last week: 191.9 cpl - 209.9 cpl
Current Diesel averages: 204.5 cpl

Melbourne.

Current ULP average: 184.4 cpl
Price range over the last week: 168.5 cpl - 222.9 cpl
Current Diesel averages: 196.5 cpl

Perth.

Current ULP average: 178.2 cpl
Price range over the last week: 168.7 cpl - 224.9 cpl
Current Diesel averages: 190.6 cpl

Sydney.

Current ULP average: 182.8 cpl
Price range over the last week: 168.9 cpl - 235.9 cpl
Current Diesel averages: 194.1 cpl

Information provided by WEX Inc and based on average price trends up to the day prior to publication. 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.