Blog Post

International factors kept diesel prices significantly higher than petrol prices

Quarterly average retail petrol prices in the five largest cities (Sydney, Melbourne, Brisbane, Adelaide and Perth) were 182.7 cents per litre (cpl), an increase of 5.0 cpl from the September quarter 2022. Average retail diesel prices were 222.9 cpl in the quarter, more than 40.0 cpl higher than average petrol prices.

“Our report shows a range of international factors contributed to higher retail diesel prices in Australia,” ACCC Chair Gina Cass-Gottlieb said.

“The small increase in average retail petrol prices in the major cities reflects the increase in taxes following the…

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