PetrolPulse

Petrol Price Forecast - Melbourne

Cheapest

139.9¢

Average

157.8¢

Highest

350.0¢

Stations tracked

1032

U91

Fill up today

The Fuel excise relief wound back is expected to hit the pump within 6 days, pushing prices up by around 16c/L. Worth filling up before it lands.

Current avg

157.8¢

Forecast confidenceHigh

U91 · Updated daily · Based on price cycle and global market signals

Find cheap fuel in Melbourne

Live prices across the metro area

Price Trend & Outlook

Unleaded 91 · Solid = historical · Dashed = forecast

HistoricalForecast
Crude oil -16.0%AUD/USD -2.0%high confidence

Crude oil has fallen 16% and the australian dollar has weakened — the cost of importing petrol is down 8%. That typically flows through to the pump within 3–4 weeks. Don't over-fill right now — cheaper prices are likely coming.

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Melbourne's cycle looks like Sydney's, but the data is slower

Melbourne runs a 14-28 day discount cycle similar to Sydney's — a sharp 10-30¢/L jump followed by a slow grind down over the next three to four weeks. What's different is the data: Victoria's Fair Fuel scheme publishes a daily price cap (the maximum a station has committed to charge that day), not real-time changes. Stations are allowed to sell below their cap without updating the feed, so the listed price is a ceiling, not always the truth at the bowser. PetrolPulse's metro average is the best available signal for timing, but expect occasional surprises at the pump.

Geelong has a refinery — it doesn't make Melbourne cheaper

Viva Energy's Geelong refinery is one of only two operating refineries left in Australia, supplying a meaningful share of Victoria's petrol. Despite that, Melbourne pump prices track Singapore wholesale parity (the MOGAS benchmark) just like every other capital. The refinery doesn't translate to a local discount because Viva sells into the same wholesale market as importers. The cycle and the macro signals are what move your price, not where the fuel was refined.

Western and northern corridors are reliably cheaper

The most aggressive discounters — 7-Eleven, Liberty, United, Costco — cluster heaviest in western (Sunshine, Werribee, Footscray) and northern (Broadmeadows, Craigieburn, Epping) Melbourne. Inner south-eastern suburbs and the bayside corridor consistently run 5-12¢/L above the metro median because branded major stations dominate and there's less competitive pressure to drop first. If you commute through the west or north on a normal day, fill up at the far end of the trip rather than near home.

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