Sydney petrol prices: Suburbs with best deals, worst rip-offs as oil value plummets
Sydney fuel prices are expected to hit a 16-year low in the coming days but some outlets are not passing on the cuts to drivers at the bowser. Our exclusive investigation shows who is getting ripped off. HERE IS HOW YOUR SUBURB RANKS
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Sydney fuel prices are tipped to hit a 16-year low within days, with no end in sight to bowser bargains sparked by global coronavirus lockdowns.
And Australia is seizing on the international glut of cheap oil sparked by the COVID-19 pandemic to buy up big to stockpile supplies.
Petrol prices are predicted to dip below 90 cents per litre on average citywide by the end of the week, with forecasts it could plummet to the lowest level in three decades.
But although the best savings can be found in western Sydney, some sellers are not passing on the price cuts.
More than 60 Sydney petrol stations are charging more than $1 a litre despite the crash in global prices.
Sydney’s wealthy suburbs in the east and on the north shore are charging the most on average while the likes of Cumberland, Fairfield and Canterbury-Bankstown offer the best value.
Such is the difference in prices you can pay twice as much for unleaded from one suburb to the next.
Analysis from The Daily Telegraph found the cheapest petrol station offering U91 today was in Campbelltown where you can fill up for just 73.1c a litre at Westside Petroleum.
CHEAPEST U91 BY STATION
Westside Petroleum, Campbelltown: 73.7
Apex Petroleum Airds: 74.9
Metro Petroleum Lurnea: 78.7
Powerfuel, Liverpool: 78.7
Payless Fuel Sydenham: 79.4
Calvi Petrol Station, Ryde: 79.9
Powerfuel, Cumberland: 80.5
Speedway South Granville: 80.5
Metro Guildford: 80.5
Apex Petroleum Villawood: 80.5
MOST EXPENSIVE U91 BY STATION
Independent Chatswood: 157.9
Independent Canley Heights: 119.9
Metro Peakhurst: 117.9
Independent West Hoxton: 112.9
Independent Turramurra: 111.8
Independent Kogarah: 110.9
Caltex Star Mart Dural: 109.9
Coles Express Dural: 109.9
Caltex Woolworths Dural: 109.9
Caltex Kenthurst: 107.9
However if you find yourself in Chatswood you could be paying as much as 157.9 cents per litre.
On average though it is Mosman that continues to suck motorists dry as the most expensive suburb, with an average price of 105.9 cents a litre for U91.
Mosman also tops the chart for the most expensive E10 at 103.9.
Hunters Hill petrol stations are also charging 105.9 cents a litre for U91, with Canada Bay not far behind on 105.73.
Willoughby petrol stations are next (105.73) followed by Hornsby (101.23), North Sydney (100.73), Hills Shire (99.8), Penrith (98.39), Strathfield (97.47) and Ku-ring-gai (97.21).
In comparison Cumberland petrol stations on average are selling at 89.67 with Canterbury-Bankstown not far behind on 90.3.
Third is Fairfield (90.96) followed by Randwick (91), Georges River (91.19), Liverpool (91.5) and Campbelltown (92.55).
The cheapest ten is rounded out by Bayside, the city of Sydney and Ryde with 92.62, 94.1 and 94.61 respectively.
It is a similar picture when it comes to E10.
Mosman’s 103.9 a litre is followed closely by Canada Bay (103.77), North Sydney (100.73), Hornsby (100.66) and Woollahra (97.61).
CHEAPEST E10 BY STATION
Metro Fuel Ruse: 63.9
Westside Petroleum Campbelltown: 64.7
Independent Appin: 64.7
Apex Petroleum Airds: 64.9
Independent Bradbury: 64.9
Mobile Appin: 65.9
Metro Lansdowne: 70.9
Apex Petroleum Villawood: 71.5
Speedway Sackville Street Fairfield: 72.9
Metro Fuel Fairfield: 72.9
MOST EXPENSIVE E10 BY STATION
Independent Macquarie Fields: 138.9
BP Edgecliff: 119.9
Caltex Star Mart Dural: 107.9
Coles Express Dural: 107.9
BP Dural: 107.9
Caltex Woolworths Dural: 107.9
Coles Express Woolloomooloo: 106.9
Coles Express Lidcombe: 105.9
Coles Express Drummoyne: 104.9
Westside Kenthurst: 104.9
E10 users would also be advised to avoid filling up in the Hills Shire (96.67), Penrith (95.87), Inner West (95.7), Ku-ring-gai (94.83) and the Northern Beaches (94.59).
Georges River pumps are offering the cheapest E10 (86.73) followed by Canterbury-Bankstown (87.2), Fairfield (87.4), Liverpool (88.13) and Cumberland (88.19).
The difference in price in diesel is also significant.
Cumberland drivers have enjoyed the cheapest diesel today at 113.57, followed by Fairfield (113.64), Liverpool (114.71), Camden (114.9) and Penrith (115.63).
Completing the top ten are Campbelltown (115.82), Canterbury-Bankstown (115.83), Ryde (119.27), Bayside (119.55) and Burwood (119.65).
Diesel drivers will want to avoid filling up in Waverley (135.9), Willoughby (132.4), Sydney (131.9), Ku-ring-gai (131.88) and Hunters Hill (130.9).
Rounding out the top ten most expensive for diesel are Lane Cove (130.9), Hornsby (129.4), Sutherland Shire (128.57), Northern Beaches (128.43) and North Sydney (128.4).
CHEAPEST DIESEL BY STATION
Apex Petroleum West Ryde: 97.5
Metro Wakely: 97.9
Speedway Sackville Street Fairfield: 97.9
Westside Petroleum Campbelltown: 99.2
Apex Petroleum Villawood: 99.5
Powerfuel, Liverpool: 99.7
Apex Petroleum Airds: 99.7
Powerfuel, Cumberland: 99.9
Speedway South Granville: 99.9
Metro Guildford: 99.9
MOST EXPENSIVE DIESEL BY STATION
7-Eleven Penshurst: 155.9
7-Eleven Pendle Hill: 148.9
Independent Macquarie Fields: 146.8
Independent Rosebery: 139.9
Independent Marrickville: 139.9
Payless Fuel Sydenham: 136.9
Coles Express Cammeray: 135.9
Coles Express Lane Cove: 135.9
Bobbin Head Petrol Station: 135.9
Coles Express Heathcote: 135.9
According to NSW Fuel Check, the average prices for Unleaded 91 across the State was 105.6 cents, diesel was 124.5 cents, and Ethanol 10 was 98.1 cents.
The global oil price, in free fall for the past few months, crashed below zero this week.
Panicked sellers paid buyers to take delivery of oil, in order to avoid storage costs or maxing out their storage capacity.
Sydney motorists can look forward to further savings at the petrol pump as the coronavirus crisis continues, with fuel prices expected drop to the lowest they’ve been in 16 years.
Average prices are predicted to fall below 80 cents a litre within the coming weeks as demand for fuel plummets across the globe.
NRMA spokesman Peter Khoury said he expected more “significant falls” to be had.
“The average in Sydney is at 95 cents a litre and it will definitely fall way below that,” Mr Khoury said.
“It will get way into the 80s and beyond that, who knows.
“What we will see in the coming days is average prices in Sydney for regular unleaded falling to at least 16-year lows and possibly well beyond that.”
Mr Khoury said a rapid decline in wholesale prices, now sitting at 82 cents a litre, was driving down prices at petrol stations across the city, with record low prices expected throughout the duration of the COVID-19 crisis.
“Demand for oil is at record lows as a result of the coronavirus effectively shutting down the global economy,” he said.
“Airlines aren’t flying, so no-one is buying jet fuel and people aren’t driving, so no one is buying petrol.
“The only way we are going to see demand increase is once the global economy starts to pick up.
“As long as the wholesale prices continue to fall in Sydney, the average prices should continue to fall.”
Despite the current lows, Mr Khoury slammed oil companies for taking their time to pass on savings at the bowser.
“It took far too long to get below a dollar a litre on average, but we are seeing falls now,” he said.
“The falls are happening slowly, at about one to two cents a day, and that should continue over the coming weeks.
“However, residents in regional towns are continuing to miss out on the savings, with prices as high as $1.50 a litre in some towns.
“Regionally, we are not seeing the falls passed on as quickly as they should have” he said.
“There is no reason why so much of NSW, town by town, is still seeing prices in the $1.20s and $1.30s.
“They really should be around a $1 a litre on average at the moment.”
Consumer watchdog The Australian Competition and Consumer Commission (ACCC) on Wednesday urged petrol retailers to pass on price reductions to consumers, with the cost of crude oil falling by almost $50 a barrel in two months.
“Especially at this difficult time, retailers must not take advantage of the situation to increase their profits, but should pass on savings to motorists,” ACCC chairman Rod Sims said.
“Where there is competition, you tend to see lower prices.
“Giving your business to outlets that are pricing competitively sends a strong message to those that have high prices that they will lose your business.”
Meanwhile, the federal government is establishing a strategic $94 million fuel reserve in the US to bolster supplies in times of crisis.
Energy Minister Angus Taylor said it would help in the event of a global disruption that slows fuel supplies moving around the world.