Summary 24 August 2020
World Crude Oil Prices
Over the previous week:
* The average crude oil price in the Asian market rose 0.6 cents per litre and
* Sydney's Terminal Gate Price for regular unleaded rose 1 cent per litre to 105.9 cents per litre.
Over the past week, the average Mogas price fell 1.1 cents per litre with the Australian dollar rising 0.7 cents to 76.1 cents against the US dollar. Last week average regular unleaded prices rose 12.6 cents per litre and are now expected to peak at around 157 cents per litre over the coming week.
Average regular unleaded prices in Sydney should range between 130 cents per litre (at the low point of the current cycle) and 157 cents per litre (at the high point of the next cycle).
The average price ranges for E10, Premium 95 and Premium 98 should be as follows:
E10 - a low point of 129 cents per litre and a high point of 156 cents per litre.
Premium 95 - a low point of 147 cents per litre and a high point of 174 cents per litre.
Premium 98 - a low point of 152 cents per litre and a high point of 179 cents per litre.
Sydney's current average diesel price is 133.3 cents per litre – – up 0.1 cents per litre this past week.
The current average LPG price in Sydney is 84.7 cents per litre – down 0.3 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.
The 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 searched area.