Wednesday 20 December 2023: Motorists are set to see some relief at the bowser with prices in Sydney expected to fall throughout the Christmas period as wholesale prices fall to five-month lows.
The average price for regular unleaded in Sydney today is 206.9 cents per litre after hitting the high-point of the cycle this week and are expected to fall as much as 35 cents per litre in the coming weeks.
Sydney’s wholesale price for regular unleaded is 165.9 cents per litre, which is the lowest it has been since July. It has fallen over 32 cents per litre since September. Mogas – Australia’s international benchmark price – has fallen $US 25 a barrel to $US 90 a barrel in three months.
Across Sydney today one-third of service stations are selling regular unleaded for under $2 a litre while half are priced at 220 cents per litre.
Sydney’s average price for diesel is currently 197.0 cents per litre and has fallen 27 cents per litre since September. Diesel wholesale prices are currently 175.9 cents per litre.
NRMA Spokesperson Peter Khoury said petrol prices in Sydney had hit the high point in the cycle and were expected to slowly fall throughout Christmas and the New Year.
“This year petrol prices have broken records that we didn’t want to break and have finally come back so Sydney-siders should finally start to see some relief in the coming weeks,” Mr Khoury said.
“There is currently a 67 cent gap between the cheapest and most expensive service stations in Sydney and for families going on a Christmas road trip they are every chance of driving to a cheaper location, so it is vital motorists do a bit of research before filling up.”
Current average prices across Australia’s capital cities:
- Adelaide 198.7 cents per litre and falling
- Brisbane 176.6 and falling
- Melbourne 195.7 and rising
- Perth 164.4 and will spike overnight before falling over the next week
- Sydney 206.9 and falling
- Canberra 190.5 and falling slowly
- Darwin 186.8 and falling slowly
- Hobart 186.8 and falling slowly
The NRMA encourages motorists to shop around for the best price. Before leaving home to fill up, motorists should jump onto the My NRMA app, or the fuel check app for their state to find the best local price in their area.
