Wednesday 24 April 2024: Petrol prices are slowly falling in Sydney in accordance with the city’s price cycle for the ANZAC Day public holiday after breaking the Sydney record last week of 223 cents per litre average for regular unleaded.
The average price of regular unleaded is currently 215.9 cents per litre and falling at less than one cent per day. Prices remain stubbornly high with around 40% of service stations in Sydney selling regular unleaded at for 222.9 cents per litre or higher.
Sydney’s wholesale price of 189.6 cents per litre has risen 2.3 cents per litre over the last week and Australia’s international benchmark price for regular unleaded (Mogas) is trading at $US 104 a barrel up $US 13 a barrel since early January.
Average prices in Sydney are expected to fall to the mid-190 cent per litre mark over the next two three weeks. The current gap between the cheapest and most expensive service stations in Sydney today is 51 cents per litre – or a savings of over $28 on a tank of petrol.
NRMA spokesperson Peter Khoury said with many Australians expected to take this Friday off and make it an ANZAC Day long weekend finding the right place and time to fill up was critical.
“After Sydney broke its record for the highest average price for regular unleaded last week, Brisbane has now come close to doing the same at 231.7 cents per litre, it’s well past the point when Australians need some relief,” Mr Khoury said.
“Families leaving Sydney should consider filling up outside the city as there are a number of regional locations that are cheaper, otherwise please get on the my NRMA app and do you research before filling up because there is a huge spread of prices in the city today."
“Only 18 per cent of service stations in Sydney are below $2 a litre for regular unleaded however as prices continue to fall with the price cycle movements we expect to see better bargains across the city over the coming week.”
Capital city average prices for regular unleaded across Australia are:
- Sydney 215.9 cents per litre and falling
- Brisbane 231.7 cents per litre and falling from top of cycle
- Perth 184.3 cents per litre (spiking today before falling)
- Melbourne 224.4 cents per litre and rising to top of cycle
- Adelaide 188.2 cents per litre and rising from bottom of cycle
- Canberra 212.0 cents per litre and stable
- Darwin 195.6 cents per litre and stable
- Hobart 205.2 cents per litre and slowly rising
