Fuel Prices in Australia
Current and Historical Data
YTD data is current at 1 January 2024. Financial year average prices are shown for the Victorian gas market STTM hubs in Adelaide, Brisbane, and Sydney, and the Wallumbilla Gas Supply Hub (GSH) at SEQ and WAL trading locations. As of 08-Apr-2024, the gasoline price in Australia stands at AUD 175 per liter or USD 116 per liter. This compares favorably to the global average gasoline price of USD 126 per liter. Historical gasoline pricing data for Australia is available from 2014-04-28 to 2024-04-08.
Future Projections
According to Trading Economics' global macro models, Gasoline Prices in Australia are forecast to average USD 134 per liter by the end of the current quarter. Long-term projections indicate a gradual rise, with prices hovering around USD 142 per liter in 2025 and USD 148 per liter in 2026.
Comparative Analysis
Australia boasts some of the lowest petrol and diesel prices among OECD countries, as evidenced by official statistics from the Bureau of Resource Energy Economics Australian Petroleum Statistics and the International Energy Agency (IEA). The charts below provide a comparison of fuel prices in different regions.
- International Market Watch: Natural Gas US spot price at Henry Hub, Louisiana
- Australian Energy Regulator: Average Daily Ex Ante Gas Prices Adelaide Hub
These charts depict fluctuations in natural gas prices over time.
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