Price movements in petrol and LPG on July 3

Petrol Prices

Petrol prices in the major capital cities fell, on average, today following a similar fall on Saturday 1 July.

In Melbourne the average price of unleaded petrol fell by 1 cent per litre from Saturday’s price to 86.4 cents per litre today, a drop of 1.7 cents since Friday. In Sydney, prices, on average, fell by 0.6 cents per litre from Saturday to 88.8 cents per litre today, a drop of 0.7 cents since Friday. The smaller capital cities, with the exception of Hobart, experienced decreases in prices on average.

As previously noted by the Australian Competition and Consumer Commission, these price changes follow a rise in prices over 27-28 June, reflecting removal of discounts by the oil companies and some rise in international prices. World oil and petrol prices have risen over the past two weeks and are impacting on local prices.

On average petrol prices in Hobart increased by 2.5 cents per litre since the week prior to 1 July to around 95.9 cents per litre on Saturday but had dropped by 2.5 cents per litre today. There is a wide variation in petrol prices within Hobart and across Tasmanian towns. Tasmanian petrol prices have been affected by the above influences and by the Tasmanian Government’s removal of a fuel subsidy of 1.95 cents per litre on motor spirit and 1.99 cents per litre on diesel on 1 July.

The average increase in unleaded petrol prices on 1 July in non-metropolitan areas varied across states from a 0.14 cents per litre in Queensland to 0.96 cents per litre in Victoria and 1.46 cents per litre in Tasmania.

LPG Prices

The Goods and Services Tax now applies to LPG. In the major capital cities, other than Melbourne, the price of LPG has increased slightly on average today following rises that occurred on Saturday. In Melbourne, the average price of LPG decreased by 0.3% on Saturday and by a further 2.6% on average today, a combined drop of 2.85% since 30 June.

Average price increases for LPG in non-metropolitan areas on 1 July varied from 4.5% in the Northern Territory to 7.2% in Victoria since the week proceeding 1 July. The ACCC is continuing to receive data on LPG prices in non-metropolitan areas.

Average Prices of Unleaded Petrol in Five Major Capital Cities

These prices were measured at noon on Friday and today. On Saturday prices were measured at noon in Brisbane, Melbourne and Sydney, 11:30am in Adelaide and 10:00am in Perth. All prices and changes are expressed in cents per litre.

City	Price 30/06/00	Price 01/07/00	Price change from 30/06/00 to 01/07/00	Price 03/07/00	Price change from 01/07/00 to 03/07/00
Adelaide	87.1	87.3	+0.2	86.5	-0.8
Brisbane	82.4	81.7	-0.7	80.5	-1.2
Melbourne	88.1	87.4	-0.7	86.4	-1.0
Perth	89.7	88.8	-0.9	87.8	-1.0
Sydney	89.5	89.4	-0.1	88.8	-0.6
Average			-0.4		-0.9

Average Prices of Unleaded Petrol in Non-metropolitan Areas

The following table sets out the average increases in the price of unleaded petrol in non-metropolitan areas. All prices and changes are expressed in cents per litre. The prices for Saturday 1 July were observed at noon while the prices for Friday 30 June represent a weekly average.

States	Week ending Friday 30 Jun	Saturday  1 July	Price Change
New South Wales	93.54	94.02	+0.48
Victoria	91.51	92.47	+0.96
Queensland	86.20	86.34	+0.14
South Australia	90.21	90.82	+0.61
Northern Territory	101.15	101.80	+0.65
Tasmania	94.30	95.76	+1.46

Based on data provided by Informed sources Pty Ltd

Average Prices of LPG in Five Major Capital Cities

These prices were measured at noon on Friday and today. On Saturday prices were measured at noon in Brisbane, Melbourne and Sydney, 11:30am in Adelaide and 10:00am in Perth. All prices and changes are expressed in cents per litre.

City	Price 30/06/00	Price 01/07/00	Price change from 30/06/00 to 01/07/00	Price 03/07/00	Price change from 01/07/00 to 03/07/00
Adelaide	38.5	39.6	+1.1  (+2.9%)	39.8	+0.2 (+0.5%)
Brisbane	42.8	43.7	+0.9 (+2.1%)	44.9	+1.2 (+2.8%)
Melbourne	38.6	38.5	-0.1 (-0.3%)	37.5	-1.0 (-2.6%)
Perth	39.0	40.7	+1.7  (+4.4%)	42.1	+1.4 (+3.4%)
Sydney	43.5	45.7	+2.2 (+5.1%)	45.9	+0.2 (+0.4%)
Average			+1.2 (+2.8%)		+0.4 (+0.9%)

Based on data provided by Informed Sources Pty Ltd

Average Prices of LPG in Non-metropolitan Areas

The following table sets out the average increases in the price of LPG in non-metropolitan areas. All prices and changes are expressed in cents per litre. The prices for Saturday 1 July were observed at noon while the prices for Friday 30 June represent a weekly average.

States	Friday 30 Jun	Saturday 1 July	Price Change (cpl)	Price Change (per cent)
New South Wales	50.54	53.86	+3.33	+6.6%
Victoria	44.08	47.25	+3.18	+7.2%
Queensland	53.24	56.33	+3.09	+5.8%
South Australia	44.24	47.17	+2.93	+6.6%
Northern Territory	62.80	65.60	+2.80	+4.5%
Tasmania	52.77	55.67	+2.90	+5.5%
Average (cents per litre)			+3.0	+6.0%

Based on data provided by Informed sources Pty Ltd