Fuel Prices Australia

From energypedia

Part of: GIZ International Fuel Price database
Also see: Australia Energy Situation

Fuel Pricing Policies

Local Currency: AUD
Exchange Rate: 1.019


(2010/11/17)

Last Update: 2011/05/01

The downstream fuel market is open and free in Australia. The „Australian Competition and Consumer Commission“ publishes information concerning fuel prices, including a detailed monitoring, price composition, market analysis and facts (see www.accc.gov.au). Most detailed information can be found in the annual reports „Monitoring of the Australian petroleum industry“, last published in late 2010 (→App. A3). This report includes a detailed analysis of short-term pump price cycles (per day/per week).

According to ACCC, 20% of consumed fuel was imported in 2010. For the South-East-Asian and the Oceania regions, the spot market price for fuels in Singapore is the main determinant for import prices of fuels.

In Western Australia, Fuel Watch has been designed to stop intra-day fuel price variations and to track/monitor fuel prices. Retailers must announce the retail price for each fuel they sell by 2pm and stick to the notified price from 6am next day for 24 hours. More on: http://www.fuelwatch.wa.gov.au/

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



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Fuel Price Composition

Price composition for one litre of Gasoline 95 Octane as of 2010/10/01.


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„Gross + Retail Margins“ include any costs of transport, storage, service stations etc. and also revenues.

Source: own calculation based on ACCC: „What influences the price of unleaded petrol?“ (http://www.accc.gov.au/content/index.phtml/itemId/892860, →App. A1)



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.aip.com.au
Other Information http://www.accc.gov.au/content/index.phtml/itemId/961783 (A3)
Other Information http://www.accc.gov.au/content/index.phtml/itemId/892860 (A1)
Other Information http://www.accc.gov.au/content/index.phtml/itemId/878867
Price Composition http://www.accc.gov.au/content/index.phtml/itemId/280309
Price Composition http://www.accc.gov.au/content/index.phtml/itemId/892860
Pump prices and margins http://www.accc.gov.au/content/index.phtml/itemId/280309 (Several publications)
Wholesale Prices http://www.accc.gov.au/content/index.phtml/itemId/280309


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de