Summary 22 July 2019
World Crude Oil Prices
Over the previous week:
Sydney’s last price cycle lasted 28 days, 4 days shorter than the previous cycle. Today is day 7 of the new price cycle, with the average price for regular unleaded fuel in Sydney at 143.4 cents per litre (Monday morning).
Over the past week, the average Mogas price fell 1 cent per litre with the Australian dollar rising 0.6 cents to 70.6 cents against the US dollar. Given current market forces, average unleaded petrol prices are expected to fall to at least 134 cents per litre in the next 1-2 weeks.
Average regular unleaded prices in Sydney should range between 134 cents per litre (at the low point of the current cycle) and 155 cents per litre (at the high point of the new cycle).
The average price ranges for E10, Premium 95 and Premium 98 should be as follows*:
E10 - a low point of 132 cents per litre and a high point of 153 cents per litre.
Premium 95 - a low point of 149 cents per litre and a high point of 170 cents per litre.
Premium 98 - a low point of 155 cents per litre and a high point of 176 cents per litre.
Sydney’s current average diesel price is 146.7 cents per litre – up 0.4 cents per litre this past week.
The current average LPG price in Sydney is 77.3 cents per litre – down 0.2 cents per litre this past week.
*Forecast estimates only, we recommend using the fuel search in the my nrma app to compare fuel prices in real-time.
NRMA produces a weekly fuel report to help Members be better informed on petrol prices and the fuel cycle to help with savings at the bowser. The NRMA Member exclusive my nrma app also has fuel finder functionality comparing the price of fuel in the NSW searched area.