Petrol more expensive than diesel.

Submitted: Thursday, Jun 04, 2015 at 10:05
ThreadID: 119079 Views:2049 Replies:4 FollowUps:4
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Haven't seen this for many years
I don’t know whether this is an aberration or a sign of things to come.
Perth average prices this morning unleaded petrol $1.42, premium $1.54, diesel $1.36
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Reply By: Bob Y. - Qld - Thursday, Jun 04, 2015 at 10:18

Thursday, Jun 04, 2015 at 10:18
Diesel has been cheaper here than ULP since that price drop, Dennis, 2 or 3 months ago.

ULP: 144.9, Deisel: 142.9 and premium(98 RON) @ 161.9 this morning in sunny, cool and very dry Winton Qld

Bob

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Reply By: Robin Miller - Thursday, Jun 04, 2015 at 10:54

Thursday, Jun 04, 2015 at 10:54
Here in Knox Melbourne , it has on average been cheaper as well Dennis and its going to be for a while, gas also has made a comeback with better pricing.

However here at the lowest point in the cycle petrol is a cent or 2 cheaper, today diesel is 1.269 and perol 1.247 , Near Bendigo in country it was 1.195 , go figure ?
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Follow Up By: Dennis Ellery - Thursday, Jun 04, 2015 at 11:56

Thursday, Jun 04, 2015 at 11:56
Yep I agree Robin
I’m no economic guru – but it may a sign of the future – big industrial users are facing leaner times and demand for diesel is down.
I remember in 2008 I paid around a $1.60 for diesel in Perth, when the gurus were predicting it would go past $2 - farmers were complaining about the recreational user, saying diesel should be saved for industry.

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Follow Up By: Geepeem - Friday, Jun 05, 2015 at 19:04

Friday, Jun 05, 2015 at 19:04
Its also the northern hemisphere summer and the demand for heating oil is diminished. Heating oil and diesel are alternative by products of petroleum fracking. We live in a global petroleum market and there is always a surplus of diesel available in our winter effecting prices out of Singapore and other markets. Come our summer again (northern winter) you will find diesel is again dearer than petrol.
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Follow Up By: Member - Boobook - Saturday, Jun 06, 2015 at 08:05

Saturday, Jun 06, 2015 at 08:05
Geepeem, As much as your statement seems to make sense and is historically right, I don't think logic like that works any more.

Take a look at this graph

Singapore 5 Year Petrol vs Diesel wholesale price

There is no correlation between the diesel price and winter. Actually petrol was affected more this year. You can change the time scale on the top left. Also Diesel has been cheaper for most of those 5 years, opposite to what happens at our pumps over that period.

Add to that the fact that diesel is a lot less expensive in most countries, I can only guess it is the local oil companies exploiting the Australian market because they can. I think demand from mining dragged the oil price up here, and now that little earner is going away for the oil companies. Thank god. Where the hell is the ACCC?

Of course this is only a conspiracy theory. LOL
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Follow Up By: Geepeem - Saturday, Jun 06, 2015 at 14:45

Saturday, Jun 06, 2015 at 14:45
Well yes there are many other factors impacting prices now as well with volatile markets and economies. The correlation is not always clear anymore.
I agree with you in regards ACCC. They are completely useless and should be disbanded. In the past 10 years all they have done is bullied Telstra and fined Coles for selling old bread. What a joke. We need a new consumer advocate that has real teeth and powers to tackle the big issues in our economy.
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Reply By: Joe Fury - Thursday, Jun 04, 2015 at 16:10

Thursday, Jun 04, 2015 at 16:10
G'day Explorers

I don't actually know how pricey fuels are outside of where I live and operate, but the four fuel outlets (service stations) in Newman are most definitely talking to one another and one of them will even consider a discount if your fuel purchase is better than two hundred litres, but they will give you a discount on fast foods and some drink items, if the fuel purchase is a biggie.

The town based outlet prices are:

BP Whaleback Village: Diesel @ 150:9 Cpl
Premium unleaded @ 160:9 Cpl
Unleaded @ 149:9 Cpl

Shell L.I.A. Diesel @ 150:9 Cpl
Unleaded @ 149:9 Cpl

Caltex Newman Drive. Diesel Vortex @153:9 Cpl
ULP @ 150:9 Cpl
Vortex 95 @ 161:9 Cpl

Caltex Truck Stop Welsh Drive. Diesel Vortex @ 152:9 Cpl
Diesel @ 150:9 Cpl

Down the highway 12.5 Kilometres at the Capricorn Roadhouse.

Diesel @149:9 Cpl
Unleaded @ 152:9 Cpl

You can see that we are stuffed no matter where you buy fuel in Newman and no doubt anywhere if you live outside of the "metro" area of any capital city, the bit that digs into me is that the metro and city areas have huge traffic congestion problems and public transport systems running at a financial loss, yet fuel prices are substantially lower compared to country towns where there is NO public transport at all.

Safe travels : Joe Fury
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Reply By: Member - Scott M (NSW) - Saturday, Jun 06, 2015 at 12:42

Saturday, Jun 06, 2015 at 12:42
about 10c a litre cheaper up from Sydney to mid-north coast atm
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