Perth fuel prices highest in 2012 but easing for Christmas

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2012 has been the most expensive year on record for Perth fuel prices, but prices are easing for the Christmas holidays.

According to the latest FuelWatch analysis of fuel prices, Perth motorists are paying an average of three cents per litre more for unleaded petrol (ULP) this year than in 2011.

The average ULP price so far over the year has been 143.1 cents per litre (cpl). The price peaked at 155 cpl in April, the highest for almost four years. While the highest fuel price on record was 160 cpl in July 2008, the average for that year was 140.43 cpl.

FuelWatch Coordinator Ray Gibson said the high prices in 2012 were driven by international factors including concerns about Iran’s nuclear program.

“Thankfully prices have eased significantly over the last few months and it now looks like Christmas prices this year will average about 140cpl, the same as last year,” Mr Gibson said.

Diesel prices were also up about three cpl on last year, although well short of the highest ever diesel prices that were experienced in 2008.

“As with petrol, diesel prices have eased in recent months and local prices are now lower than they were a year ago,” Mr Gibson said.

The average price for LPG in Perth for 2012 has been 79 cpl, an increase of 10 cpl on 2011 according to FuelWatch.

“LPG users suffered record prices in 2012 which were driven by high international prices and the introduction of a Federal Government excise on LPG,” Mr Gibson said.

As motorists head off on Christmas holidays, FuelWatch recommends they check the online trip planner. With this tool, WA motorists can enter the start and end points of their journey and the system calculates the cheapest fuel on the planned route: http://www.fuelwatch.wa.gov.au/fuelwatch/pages/public/trip_planner.jspx

Motorists can find the cheapest fuel price in their area at any time on the FuelWatch website: www.fuelwatch.wa.gov.au or phone 1300 55 08 08.

Average Prices

Date ULP Diesel LPG
2004 97.55 102.81 40.35
2005 110.42 120.72 48.01
2006 124.33 135.84 55.33
2007 125.29 132.24 56.41
2008 140.43 162.92 66.65
2009 117.12 123.70 57.03
2010 124.79 129.92 64.15
2011 140.29 147.93 68.71
2012 143.11 150.61 79.47


END OF RELEASE

Media Contact:
Alina Cavanagh
9282 0679 or 0423-846397
alina.cavanagh@commerce.wa.gov.au

Consumer Protection
Media release
21 Dec 2012

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