Petrol and diesel prices as at 29 March 2019

Fuel prices rose on two separate occasions in the latter half of March, totalling 5 cents per litre (cpl) on all grades. Petrol commodity prices have gradually risen during March, totalling about 7cpl since the last pump price rise on 25 February, whilst fuel company margins on petrol had fallen to the lowest level in in 12 months.

But the same can’t be said for diesel prices, with the commodity price for diesel being stable over the last month (albeit higher than petrol). Consequently the landed cost of diesel has not risen since the February pump price rise, and so the combined 5cpl increase in March (which puts margins at the top of the band, and 18cpl higher than petrol margins) was unjustified in our view.

 

Petrol and diesel prices as at 29 March 2019
  National fuel price
91 Octane 220.9
95 Octane 229.9
Diesel 167.9

 

Previous prices as at 25 February

  National fuel price
91 Octane 215.9
95 Octane 224.9
Diesel 162.9

 

 

 

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