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

Fuel 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
Global crude benchmark. Large moves usually filter into Australian wholesale prices with a delay.
AUD/USD
Fuel is traded in US dollars. A weaker AUD increases local import costs.
Retail-TGP
Gap between the national U91 retail average and terminal gate wholesale benchmark.
Petrol cover
Reported national petrol stock cover in days.
Diesel cover
Reported national diesel stock cover in days.
Jet cover
Reported national jet fuel stock cover in days.
Stations dry
Stations with at least one fuel grade currently reported as unavailable.
Source: National retail price reporting, refreshed hourly.
Current price conditions · Mixed
This view compares the local cycle, wholesale prices, AUD/USD and retail margin. It describes the Australia market, not the price at every station.
Pump price breakdown
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.
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.
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.
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.
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.
Retailers raise prices to rebuild margin, then compete down through the discounting phase. City-cycle timing explains many short-term jumps and drops.
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.
Australian pump prices also reflect the exchange rate, refined-fuel benchmarks, fuel excise, GST, transport, retail operating costs, local competition and price-cycle timing.