petrol prices Archives - Convenience & Impulse Retailing

Petrol prices reach nominal high in April

Seven-day average retail petrol prices across Australia’s capital cities moved to a record high in nominal terms of 215.2 cpl in April.

Longer petrol price cycles across Australian capital cities have resulted in drivers being exposed to higher prices for longer periods.

Quarterly average retail petrol prices in Australia’s five largest cities (Sydney, Melbourne, Brisbane, Adelaide, and Perth) were 194.9 cpl.

The latest AAA Transport Affordability Index shows that typical Australian household transport costs rose by 13 per cent in 2023.

The NRMA is encouraging motorists to fill up now, with petrol prices across most capital cities expected to rise this long weekend.

Retail diesel prices have dropped an average of 10 per cent in the March quarter, while petrol prices saw only slight changes.

Petrol prices have dropped an average of 10.3 cpl across Australia’s largest cities for the first time in nearly two years.

Retail petrol prices reached a 14-year high, to an average price of 188 cents per litre (cpl), despite the six-month cut in the fuel excise.

Petrol prices in Australia could rise above $2 per litre, as the conflict between Ukraine and Russia intensifies.

Petrol prices have reached a record high, with the national average price for unleaded hitting 176.9 cents a litre.

Petrol prices are tipped to hit their highest levels in three years at a time where wholesale and retail margins are already being squeezed.

Petrol prices have risen off the back of cuts in oil production by the OPEC cartel combined with a pick-up in global fuel demand.