- Sydney and Perth petrol prices at their lowest in the cycle over the weekend
- Prices should ease slightly in Melbourne, Brisbane and Adelaide
- Bad news for Canberra residents as prices expected to remain high
Motorists in Sydney and Perth can look forward to the weekend ahead with prices expected to be towards their lowest in the petrol cycle, while drivers in Melbourne, Brisbane and Adelaide are being advised to top up only what they need to – not fill up – according to the latest quarterly petrol analysis from comparethemarket.com.au.
The free comparison website, which updates its petrol price data three times daily across all major Australian cities, analysed the average cents per litre (cpl) of unleaded petrol from 25 December 2017 to 25 March 2018. The data was sourced across Sydney, Melbourne, Brisbane, Adelaide, Perth and Canberra, to find out which parts of the country were the cheapest, and where prices are sitting in the cycle ahead of the Easter long weekend.
Prices in Sydney and Perth are on a downward trend and should be nearing the bottom of the cycle leading into the Easter long weekend. Petrol prices in Melbourne, Adelaide and Brisbane are peaking at the top of the cycle and will ease slightly toward the end of the week, but won’t be near their lowest point in the price cycle.
Motorists in Sydney were paying an average of 133.5cpl at the bowser over the quarter – the second cheapest around the country. The most expensive sub-regions were the Eastern Suburbs (138.4cpl) and north of the city, while petrol was 6.9cpl less in Fairfield-Liverpool at 131.5cpl. Later this week will be the best time to fill up the tank as prices near the bottom of the cycle. With prices as low as 119.5cpl in Condell Park and as high as 143.5cpl in Dural, motorists are being advised to shop around for the best price.
Drivers in the Victorian capital are being urged to hold off filling up their tanks for as long as possible and only fill up as much as they need. Prices in Melbourne are nearing the top of the cycle early this week and should ease slightly into the weekend. Melbourne petrol prices sat at around 136.3cpl over the quarter, with Vermont being the cheapest sub-region to fill up at 132.9cpl. The sub-region that paid the highest for petrol over the quarter was Greensborough and Ivanhoe at 138.1cpl.
As part of the Brisbane petrol price cycle, prices are currently at the top but should start to ease off slightly leading into the Easter long weekend. Motorists are being urged to only fill up as much as they need to and shop around for the cheapest prices. Mango Hill was recorded as having the cheapest petrol price however; this is still as high as 141.3cpl. Over the quarter, however, the sub-region of South West Brisbane had the lowest price at 135.6cpl.
Adelaide residents have been paying the least for fuel over the quarter, with the average price for petrol around 131.4cpl. The best deals were found in the Western and Beach suburbs, with prices sitting around 129.3cpl, while motorists in the Southern Suburbs were being slugged 132.4cpl. Like Brisbane and Melbourne, petrol prices are currently peaking at the top of the price cycle and motorists should top up rather than fill up over the weekend until prices ease further.
Perth residents are in for an Easter treat with prices expected to fall over the long weekend, but motorists shouldn’t hold out for too long as prices should peak again next Tuesday. There was little variance in prices across the city, with motorists in the South region paying around 137.2cpl over the quarter and those in the East region a little less at around 136.0cpl. As of early this week the cheapest suburb to fill up the tank was South Lake, where prices were as low as 120.8cpl.
Relative to the other capital cities compared, petrol prices in Canberra have been high over the last quarter, with the average price for fuel around 148.3cpl. There’s likely little relief in sight, but by shopping around, motorists can expect to save around 20cpl at some servos. As of early this week, Fyshwick is the cheapest suburb to fill up the tank, at 139.9cpl, while prices in suburbs such as Tuggeranong, Holt and Belconnen were around 149.9cpl.
Comparethemarket.com.au household savings expert Abigail Koch said: “While some capital cities might be at the bottom of the petrol price cycle this long weekend, most motorists will likely get slugged at the bowser. Our petrol analysis reveals prices over the quarter were at their highest in over a year – with the average price across the country sitting at 137.4 cpl.
“Petrol prices in most capital cities, excluding Canberra, run on a cycle of seven days to seven weeks. As part of the cycle, prices around the country should ease leading into Easter, but only Sydney and Perth prices will be at their lowest in the cycle. With school holidays in some states also kicking off this weekend, we recommend drivers across the country compare prices on comparethemarket.com.au, before heading out on the road, to avoid paying more than they need to for fuel.”
Quarterly average price for ULP in major capital cities between 25 December 2017 and 25 March 2018
|City||3 month ULP average (cpl)|
Sub-regions with the lowest ULP average between 25 December 2017 and 25 March 2018
|City||Sub-region||3 month ULP average (cpl)|
|Brisbane||South West Brisbane||135.6|
|Adelaide||Western and Beach Suburbs||129.3|
Sub-regions with the highest ULP average between 25 December 2017 and 25 March 2018
|City||Sub-region||3 month ULP average (cpl)|
|Melbourne||Greensborough and Ivanhoe||138.1|
|Brisbane||North West Brisbane||138.5|
Suburbs with the lowest average ULP price on Monday morning 26 March 2018
|City||Suburb||ULP average price Monday morning (cpl)|
Suburbs with the highest average ULP price on Monday morning 26 March 2018
|City||Suburb||ULP average price Sunday evening|
|Melbourne||Narre Warren North||149.9|
|Brisbane||Mount Gravatt East||149.9|
|Brisbane||Upper Mount Gravatt||149.9|
* Original data supplied by MotorMouth Pty Ltd
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Neneh McGuire | +61 2 9279 3330 | +61 404 433 263| firstname.lastname@example.org
Comparethemarket.com.au is an online comparison service that takes the hard work out of shopping around. We help Australians to quickly and easily compare and buy products from a wide range of providers. Our easy-to-use comparison tool enables consumers to find a product that best suits their needs and their back pocket. We’re also in the business of comparing personal finance products, utilities and can help find the lowest fuel prices in your area. Whether it’s car, health or home & contents insurance, we provide a completely free service, that empowers Australians to make buying decisions with greater trust, knowledge and savings. We’ve got your back, simples.
 This commentary is speculative given fuel prices for the future are subject to various factors