Average retail petrol prices were significantly lower in the September quarter, according to the ACCC’s latest quarterly petrol monitoring report.
In the quarter, average retail petrol prices across Australia’s five largest cities were 182.8¢ per litre (cpl), a decrease of 13.7 cpl from the June quarter.
“Lower petrol prices in the September quarter offered some cost-of-living relief to motorists around the country,” says ACCC Commissioner Anna Brakey.
“Retail petrol prices in Australia generally follow international refined petrol prices, which trended downward in the September quarter 2024.”
Quarterly average retail prices decreased in all five largest cities in the September quarter. Of the largest cities, average petrol prices decreased the most in Brisbane (by 16.8 cpl), with average prices in Perth decreasing the least (by 8.9 cpl).
Quarterly average retail petrol prices also decreased in Canberra, Hobart and Darwin. Average prices in Darwin were 176.4 cpl, the lowest among all eight capital cities.
Regional prices decrease
Regional retail petrol prices, on average, decreased, too. In the quarter, average regional retail petrol prices were 187.5 cpl, a decrease of 9.9 cpl from the June quarter.
On average, regional retail prices across all locations were 4.7 cpl higher than prices across the five largest cities (182.8 cpl).
Diesel prices decrease
Quarterly average retail diesel prices across the five largest cities were 185.5 cpl in the September quarter, a decrease of 9 cpl from the June quarter (194.5 cpl).
Quarterly average retail diesel prices decreased in each of the eight capital cities.
New hybrid vehicle sales increase
Conventional hybrid vehicles – vehicles where its battery recharges internally – accounted for 16.7% of new vehicles sold in the September quarter, according to Australian Automobile Association data.
New battery EV sales decreased and represented 6.6% of new vehicle sales. The share of plug-in hybrid EV sales – a second type of EV – increased, representing around 2.5% of new vehicles sales.
Internal combustion engine vehicle sales were lower but still accounted for the majority of new vehicle sales (74.2%).
