Perth Petrol Prices Drop Amid Rising Costs Due to Iran Conflict
Perth’s fuel prices are facing significant increases, particularly in diesel, where prices have skyrocketed. Average diesel costs rose to 226.2¢ on Tuesday, a striking 24% increase compared to last week’s average of 182.6¢. The highest recorded price for diesel in the Perth metropolitan area was found at BP Beeliar truck-stop, charging an astonishing 238.9¢.
Current Diesel Prices in Perth
- BP Beeliar: 238.9¢
- Caltex Maddington: 237.9¢
- Caltex Bedfordale: 236.9¢
- OTR Roleystone: 235.9¢
Conversely, the lowest diesel price was located at Liberty Landsdale at 199.5¢. Other cheaper options included:
- Burk Oakford: 205.3¢
- Liberty Banksia Grove: 205.5¢
- East Rockingham: 205.5¢
- Naval Base: 205.5¢
- Tapping: 205.5¢
- Gosnells: 205.5¢
Unleaded Petrol Price Trends
Unleaded petrol prices also surged significantly, averaging 193.9¢. This represents a 21% increase from last week’s average of 159.3¢. Notably high prices were recorded at:
- Caltex High Wycombe OPT: 219.9¢
- NightOwl Shell Redcliffe: 209.9¢
- Highgate: 209.9¢
- Maddington: 209.9¢
- Bellevue: 209.9¢
- Glen Forrest Fuel: 209.5¢
- Metro Wanneroo: 207.9¢
- Wangara: 207.9¢
- Midvale: 207.9¢
The most affordable unleaded petrol was available at Costco Casuarina and Costco Perth Airport, both charging 172.7¢.
Impact of Rising Global Oil Prices
The rising fuel costs coincide with escalating tensions in the Middle East, which have disrupted global supply chains, particularly through critical oil transit points like the Strait of Hormuz. Recent fluctuations in global oil prices demonstrated a significant drop, from a peak of $US120 to $US90 per barrel.
Government Response to Fuel Price Increases
In a press conference alongside the Prime Minister, Energy Minister Chris Bowen addressed the situation. He noted that government preparations for minimum stock obligations are effective and sufficient. Bowen emphasized that there should be no cause for panic among motorists, stating:
“We have enough diesel in Australia for our needs for the foreseeable future, and there is absolutely no need for panic.”
Bowen confirmed that discussions with industry representatives would continue to mitigate the effects of rising fuel prices.
