Diesel continues downward price slide

Average diesel prices continued falls last week, by a national average of 1.9 cents per litre

Average diesel prices continued to fall for the week ended July 12, by a national average of 1.9 cents per litre, according to terminal gate pricing data from the Australian Institute of Petroleum.

The AIP data is based on information provided by BP Australia, Caltex, Shell Australia and ExxonMobil.

Prices in all states excluding Darwin and Perth remained below the 116 per litre mark throughout the week, reflecting a similar drop seven days before.

Melbourne’s diesel continued to be the cheapest in the country, averaging 115.1 cents for the week, down 2 cents from the previous week and remaining slightly cheaper than Sydney and Brisbane where the average prices at the pumps finished at 115.2 and 115.3 respectively.

Brisbane’s diesel was for the first time in weeks more expensive than Sydney’s, which could possibly be the first indication the scrapping of the fuel subsidy is taking its toll.

Diesel in Adelaide was slightly more expensive, finishing the week with an average of 115.6 cents per litre, down two cents from the previous week.

Darwin as usual topped the list with an average diesel price of 120 cents per litre – 3.5 cents higher than Perth which finished as the second most expensive city at 116.5 cents a litre, down 1.9 cents on the previous week.

Trader Business Media titles ATN, Owner//Driver and ABC now publish a summary of terminal gate diesel prices across key capital cities every week. To view this data, available only to subscribers, click here.

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