Sydney prices 14.2c above quarterly average | Compare The Market

New petrol analysis: Sydney prices 14.2c above quarterly average ahead of Easter long weekend

 
 
 
 
 

Comparethemarket.com.au has unveiled its first quarterly petrol analysis for 2015 ahead of the Easter long weekend. Results show that, between 1 and 26 March 2015, Sydney residents paid up to 14.2 cents above average quarterly price for unleaded petrol (between 1 Jan –26 March 2015).

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 1 January to 26 March 2015 across five major cities – Sydney, Melbourne, Brisbane, Adelaide and Perth.

Results showed that Brisbane residents have paid more than any other major city for petrol since January 1. The quarterly average price for the city was 120.7cpl (4.7cpl more than the cheapest city, Adelaide). This was followed closely by Perth at 120.3cpl.

Sydneysiders were third in line when it came to who paid the most at the bowser. They paid an average quarterly price of 118cpl – just 2cpl less than the most expensive city, Brisbane. Melbourne residents paid an average quarterly price of 116.1cpl, while Adelaide residents paid 116cpl.

In March alone, however, residents in every major city paid significantly more than the quarterly average, indicating that the recent period of low fuel prices may be a thing of the past. Brisbane residents paid an average price of 134cpl, while Sydney residents paid 132.2cpl, both more than 13 cents above their city’s quarterly average.

Adelaide residents forked out 12.4cpl above their city’s quarterly average, paying an average of 128.4cpl in March. In the same month Melbourne residents paid 126.9cpl (on average), 10.8cpl higher than their city’s quarterly average price, and Perth residents paid an average of 129.2cpl, 8.9cpl higher than their city’s quarterly average price.

Abigail Koch, spokesperson at comparethemarket.com.au, said, “Unleaded petrol prices dropped considerably towards the end of 2014 and have been rising consistently since mid-January of this year. While prices have crept up, luckily we are nowhere near the average 154.5cpl Australians were paying at the bowser nine months ago.  With international oil prices now levelling out, it looks like prices may start to decline as we head towards Easter. Motorists should make the most of free fuel comparison sites, as shopping around can save them up to 25cpl at the bowser.”

Comparethemarket.com.au also highlighted the most expensive and cheapest subregions for petrol in each major city that it analysed.

The table below outlines the sub-regions with the lowest ULP average between 1 January and 26 March 2015.

City Sub-region 3 monthULP average (cpl)
Adelaide Port Adelaide 114.5
Sydney Bankstown and Hurstville 116.4
Melbourne Frankston/ Cranbourne 115.2
Brisbane North Brisbane 119.3
Perth Girrawheen 119.1 

 

The table below outlines the sub-regions with the highest ULP average between 1 January and 26 March 2015.

City Sub-region 3 monthULP average (cpl)
Adelaide Elizabeth 116.8
Brisbane West Brisbane 121.8
Melbourne Greensborough/ Ivanhoe 116.8
Sydney Lower North Shore 120.1
Perth Lesmurdie/ Midland 121.8

 

*Original data supplied by MotorMouth Pty Ltd

Author comparethemarket.com.au

Launched in September of 2012, Comparethemarket.com.au – operated by Compare the Market Pty Ltd (CTM) – has teamed up with a range of Australia’s insurance providers so you can compare some of the latest deals, in one place, side-by-side. The team behind comparethemarket.com.au have experience in insurance, comparison, customer service and digital. If this was a stuffy corporate monologue, we’d tell you that we’re a bunch of subject matter experts specialising in User Experience, Customer Insights & Online Strategies. But to be honest, it’s just as accurate (and a whole lot easier) to say that we’re a bunch of people who want to make your experience with online comparison better. We pride ourselves on the fact that we’re forward-thinking, that we share an entrepreneurial spirit, and the fact that we like to have a bit of a laugh too. We’re all a bit too addicted to chocolate, but no one’s perfect, really.

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