Fuel market data

See what can change pump prices: crude oil, the Australian dollar, wholesale margins, fuel stocks, station outages and U91 state averages.

Fuel moving from a terminal to Australian roads and a service station

Fuel price drivers

Price drivers

Use this page to separate broad market pressure from local station pricing. U91 state averages and cheapest-price figures are shown separately from diesel and other fuel grades.

Brent crude

US$90.63

Global crude benchmark. Large moves usually filter into Australian wholesale prices with a delay.

AUD/USD

0.7107

Fuel is traded in US dollars. A weaker AUD increases local import costs.

Retail-TGP

+10.2c/L

Gap between the national U91 retail average and terminal gate wholesale benchmark.

Petrol cover

33d

Reported national petrol stock cover in days.

Diesel cover

31d

Reported national diesel stock cover in days.

Jet cover

22d

Reported national jet fuel stock cover in days.

Stations dry

0

Stations with at least one fuel grade currently reported as unavailable.

Current price conditions · Mixed

Compare the national move with your city

This view compares the local cycle, wholesale prices, AUD/USD and retail margin. It describes the Australia market, not the price at every station.

  • Wholesale costs, the Australian dollar and city fuel cycles do not always move together. Check the national change, then open the local map for prices you can buy.
  • Pump prices can rise when terminal-gate prices, crude oil or a city reset move up. They can ease when wholesale costs fall or retailers keep discounting. If the indicators disagree, check nearby station reports.

Pump price breakdown

What actually sets the pump price

The bowser price includes global fuel costs, the Australian dollar, wholesale terminal pricing, taxes and local competition. That is why Australia petrol can move even when one cost looks steady.

  1. Refined fuel benchmark

    Retail petrol and diesel start with the global price of refined fuel, not just crude oil. Crude moves first, but the refined benchmark is closer to what importers and wholesalers pay.

    Global
  2. AUD/USD exchange rate

    Fuel is priced in US dollars. A weaker Australian dollar lifts the local cost of imported fuel even when the US-dollar oil price is steady.

    FX
  3. Terminal Gate Price

    TGP is the published wholesale price for fuel collected at the terminal. Australian TGP already includes fuel excise and GST, but excludes later transport and retail operating costs.

  4. Excise and GST

    Australian excise and GST are already included in the published TGP, so they must not be added to that benchmark again. Current tax settings still affect how international costs reach the pump.

    Tax
  5. Retail margin and cycles

    Retailers raise prices to rebuild margin, then compete down through the discounting phase. City-cycle timing explains many short-term jumps and drops.

  6. Local supply and competition

    Freight costs, outages, opening hours and suburb competition shape the final station price. Use the national average to compare areas, then check the stations on your route.

Fuel market data FAQ

Australian pump prices also reflect the exchange rate, refined-fuel benchmarks, fuel excise, GST, transport, retail operating costs, local competition and price-cycle timing.