What The Hell Is Going on with Diesel Prices?

ol mate on 10/12/2022 - 08:42

Tl;dr - my 4 paragraph rant about how diesel is about 25c/L more than it should be and fuel retailers are extorting diesel owners.

Unlike the majority of OzBargainers who drive hybrid Camrys or Corollas, the minority here who drive diesels are likely fuming about the price of diesel still.

The price of diesel has been sitting in the $2.30/L area at most servos in Brisbane for ages now (at least a month), and hasn’t been below $2/L since the fuel excise relief ended back in September (credit where credit is due, Costco has it for $2/L and my helicopter can also lock in for low $2/L as well). it’s probably worthwhile pointing out that diesel doesn’t usually follow a fuel cycle either

On the other hand, the Terminal Gate Price (TGP) or the wholesale price of diesel has been steadily dropping for $2.27/L (end of Oct) to $1.93/L (9 December) - this means any fuel sold at $2.30/L has a margin on it of 37c/L compared to a long term average of 12c/L (according to RACQ)

This seems fairly consistent across the country (the NSW governments fuelcheck site says an average $2.21/L vs TGP of $1.928/L). The only outlier is WA - $2/L retail vs $1.88/L TGP.

In saying that, I’ve still got half a 150L to go before I’ll probably fly to WA and lock in at $2.02/L or fill up at my next monthly Costco shop.

How else is everyone managing the extortionate prices on diesel at the moment?

Automotive Fuel

Comments

  • holdenmg on 10/12/2022 - 08:46
    -1

    What is the ACCC doing with the numbers you have supplied them?

    • CheapandUsed on 10/12/2022 - 09:04
      +2

      Ah yes the "Anti Consumer and Competition Commission", probably running interference to ensure the high prices can continue.

      • Hybroid on 10/12/2022 - 11:30

        They explicitly state they do not control or set fuel prices nor able to help with individual issues.

        https://www.accc.gov.au/consumers/petrol-and-fuel/petrol-pri…

        To answer OP:

        Petrol price cycles are the result of pricing policies of petrol retailers and not from changes in the wholesale cost of fuel.

        Your market analysis isn’t relevant. They can simply charge whatever they want to.

      • ChrisLevo on 10/12/2022 - 12:11
        -1

        What are they doing about the price of tin foil used to make hats?

    • Daabido on 10/12/2022 - 09:06
      +1

      Probably nothing. They're perennially asleep at the wheel.

    • pharkurnell on 10/12/2022 - 11:13
      +4

      What do the ACCC ever do?

    • HeWhoKnows on 11/12/2022 - 07:37
      -5

      "about 25c/L more than it should be and fuel retailers are extorting diesel owners"

      What a load of GARBAGE!

      What does OP know about Diesel supply and pricing?

      Who is OP to say "fuel retailers are extorting diesel owners"
      The fact is that retail margins are very low for deisel right now so its exactly the opposite of your unsubstantiated claim!

      So stop mouthing your head off and making false claims.

      If anyone was to complain its the truck drivers and they are not complaining.

      And obviously you have NO IDEA that there is a GLOBAL DIESEL SHORTAGE
      So obviously diesel prices will go up as a result and thats around the world!!!!

      Just pay the price or stop driving your diesel guzzeler

      Read this article if you want to know more (you could have just Googled this yourself!)
      It shows that what I have said here is FACT not OPs fiction.

      https://www.carexpert.com.au/car-news/racq-explains-record-d…

    • 2jzzzz on 10/12/2022 - 12:02
      +4

      You realise trucks, boats, barges, tractors and many more forms of long haul, high volume use relies on diesel?

      I would like to see how much diesel v petrol is consumed in Aus though

      • Gunnar on 10/12/2022 - 12:50
        +4

        Yep, this!

        Diesel makes the country run because our ‘heavy’ logistics rely on it. Ultimately high diesel prices means higher production and delivery costs…

        • afoveht on 10/12/2022 - 18:09
          +3

          That's not why they negged. Perhaps if you left off the last line others would be commensurately more charitable.

    • HeWhoKnows on 11/12/2022 - 07:38
      +1

      100% agree!

  • EightImmortals on 10/12/2022 - 08:54
    +1

    Don't get me started on the price of meat…..

    It's well known that diesel vehicles, despite there other issues are pretty good on the juice. Government used to steal less tax on diesel due it's use by primary producers and freight vehicles and industry machinery. They've been ramping the price up over the years to match the amount they pinch from petrol sales, currently 46c P/L. Of course is the price of diesel goes up then all the associated costs with bringing fuel to the bowser go up as well, as to the tax, as do the costs, rinse/repeat.

    As for managing the costs in the run up to the globalist's Hunger Games scenario we are just cutting back a bit. So maybe a steak once a month or 2 weeks instead of every week, buying less crap food or eating out that kind of thing.

    • Sleeqb7 on 10/12/2022 - 11:41

      If you're worried about meat prices, these are pretty cheap;
      https://www.livefoods.com.au/Exo-Terra-Canned-Crickets-Small

      • EightImmortals on 10/12/2022 - 13:19
        +4

        Eat Ze Bugz?
        Nien!

      • iDroid on 10/12/2022 - 16:35
        +1

        For $10.16? No thanks.

        I never spend more than $6 on a can of crickets.

    • HeWhoKnows on 11/12/2022 - 07:45
      -4

      You have it ALL WRONG!

      Diesel vehicles were pumping out heaps of smoke and harmful particals along with it
      So the government forced fuel refineries to put deisel through another stage of refining to clean up the fuel
      Thats when the price of diesel jumped - purely as a result of higher production/refing costs
      And currently there is a GLOBAL SHORTAGE OF DIESEL so diesel prices all over the world are going up

      Primary producers and busineses get a fuel tax rebate/credit so your argument there also goes down the drain
      https://business.gov.au/finance/taxation/claim-fuel-tax-cred…

      Next time do your reseach before you blab on about so much nonsense

      • 2esc on 11/12/2022 - 08:52
        +1

        That only applies to machinery owned by farmers for use on private property .

        Transport companies, Earth moving businesses etc cant get it even if working on private property no doubt big industry like mining gets it with there political pull.

  • SF3 on 10/12/2022 - 09:01
    -1

    What The Hell Is Going on with Diesel Prices?

    Going to hell?

  • Nugs on 10/12/2022 - 09:10
    +2

    "How else is everyone managing the extortionate prices on diesel at the moment?"
    My tractor only uses two 20 litre jerrys per year.
    Never been tempted to buy a diesel car.
    .

    • Muzeeb on 10/12/2022 - 10:12

      Same. Every time I start my tractor I think ohhh shit better check the fuel level. It never seems to drop.

      Got to love the old 3 cylinder 2.5L Perkins motor. Frugal as all $#@&.

      • Nugs on 10/12/2022 - 11:06

        same engine here, MF35. it's used to drag a 5ft slasher around
        .

        • Muzeeb on 10/12/2022 - 11:25

          Fordson Super Dexta - drags a variety of implements around my joint. Can't kill it after 60 years and you can still buy parts.

  • Euphemistic on 10/12/2022 - 09:21
    +1

    It sucks. When I first bought a diesel vehicle it was close to petrol price. Depending on the petrol cycle it was a few cents above or below. prior to Ukraine invasion, it’s was consistently a few cpl cheaper than petrol which combined with better economy made it cheaper to use.

    Recently I’ve seen as much as 50cpl difference over ULP which really sucks.

    • trapper on 14/12/2022 - 12:19

      Yeah same thing happened to me.

      Now petrol prices are dropping but diesel doesn't budge, rip

  • brendanm on 10/12/2022 - 09:38
    +5

    Imagine how much they are making from all the trucks, no reason for them to lower prices, as they can get away with it, and no one will do a thing.

    • Euphemistic on 10/12/2022 - 10:31
      +4

      Absolutely. Diesel prices hurt personal use, but where it really hurts is the extra cost to farms and trucking companies. That flows on to consumers while fuel companies rake in massive profits.

      • EightImmortals on 10/12/2022 - 10:46
        +5

        And government rakes in massive taxes.

        • saltypete on 11/12/2022 - 08:39
          -1

          The amounts which only partially cover the cost of fixing the roads that the heavy diesel trucks damage.
          It all goes around and around and around…..

          • EightImmortals on 11/12/2022 - 08:53
            +1

            @saltypete: And yet they seem to have billions and billions to waste on stuff that has nothing to do with running the country?
            And add to that that they gave themselves money printing powers (QE) back in 2020 there is no good reason we should be paying anywhere near the amount of tax that we do.

      • pharkurnell on 10/12/2022 - 12:01

        yep.. it all flows onto everyone including tourism

      • 2esc on 11/12/2022 - 08:54

        Farmers get assistance with diesel if used on private property.

        • Euphemistic on 11/12/2022 - 17:58
          +1

          They do, but their price isn’t capped. It’s still going up.

    • iDroid on 10/12/2022 - 16:39
      +4

      And that extra cost is passed on to consumers - so the cost of diesel is an issues for everyone even if you drive a Tesla or bicycle.

      Primary industries use a lot of diesel it goes full circle.

      • Ghost47 on 10/12/2022 - 19:43
        -1

        Businesses aren't a charity.

        • iDroid on 10/12/2022 - 22:13
          +1

          Thanks for emphasising my point.

        • Euphemistic on 11/12/2022 - 18:00
          -1

          Which is why they put up their prices for EVERYBODY to cover their increased costs.

  • nubzy on 10/12/2022 - 11:12
    +1

    It's absolutely ridiculous. Glad I have a reasonably efficient petrol car which gets 5L/100 highway and around 7-8 around town. Hate the thought of doing 10L+ per 100 around the suburbs in a diesel guzzling ute right now. To think just one year ago it was cheaper than petrol..

    • Mcuser on 10/12/2022 - 11:33
      -5

      I get 1000 k's on a tank at around 7L per 100 highway in my Nissan Navara, I get GST back and fuel is tax deductible anyway. My Mrs has a new Suzuki swift I know what I would be rather driving lol

      • Boioioioi on 10/12/2022 - 12:19
        +2

        wow tough man with a navara!

        • Mcuser on 10/12/2022 - 12:22

          grow up DS

        • brendanm on 10/12/2022 - 17:43
          +1

          Don't get him started on his Telstra business plans

      • iDroid on 10/12/2022 - 22:22

        I get 7L per 100km on the highway in my WRX too… Your point?

        I also only get about 13L per 100km when fanging around the suburbs.

        Both are pretty shyte efficiency, but the rex is fun..

        • Euphemistic on 11/12/2022 - 18:04

          4wd ute is fun too and less likely to end up in a speeding ticket.

          • iDroid on 11/12/2022 - 22:35

            @Euphemistic: I too have a 4wd ute (2017 Colorado) but the turbo wrx is more fun. But both great vehicles - the colorado is needed for getting around our property, the wrx is just more fun for everything else.

    • NigelPearson on 11/12/2022 - 13:43

      Agree. I remember when it was 15% cheaper.

      P.S. my Diesel car gets about 6.5L/100k around town, and less than 4.2L/100k highway.
      Not a ute, and I don't tow much, but I'm sure there are Diesel utes that are economical?

      • Euphemistic on 11/12/2022 - 18:05

        7l/100 (Highway) is pretty efficient for a ute. Most of the modern normal sized Utes are fairly similar. Mine does high 8s around town.

  • Jimothy Wongingtons on 10/12/2022 - 12:38

    Yeah low key regretting going diesel

  • 7ekn00 on 10/12/2022 - 12:58
    +2

    You are competing with heavy vehicles for supply, so demand is sky high driving prices up, etc!

    There are far more diesel shortages world wide than petrol, expect diesel prices to triple in 2023 as the US runs out of strategic reserve and the world virtue signals that they will not buy Russian crude directly (but are happy to buy Russian crude products via third party Asian petroleum companies)!!

  • CheapandUsed on 10/12/2022 - 13:55
    +1

    This article from this morning is very timely for your topic OP

    Fuel analyst says motorists being 'held to ransom' as diesel price drop not seen at bowser

  • parsimonious one on 10/12/2022 - 15:02
    +7

    Won’t somebody think of the tradies with their hiluxes and the soccer mums with their bmw x5s?

    You know…the battlers

    • Mcuser on 10/12/2022 - 18:21

      You poor minded little thing

  • Ugly on 10/12/2022 - 15:03

    Interesting take from John Cadogan - https://youtu.be/TjJQyRXkr78

    • afoveht on 10/12/2022 - 19:37
      +2

      Even though I think he's spot on with most auto topics I can't anymore stand to filter it through the rest of his crap.

      Any chance of a TLDR?

  • hasselbladsnapper on 10/12/2022 - 16:50

    To assist in understanding the fuel cycles it would be appreciated if all fuel apps had the pricing cycle graphs. Petrol Spy has it for unleaded but it would be good to see one for diesel.

    • Chandler on 12/12/2022 - 12:03
      +1

      FuelMap has a graph for all petrol types.

  • Gustavo Fring on 10/12/2022 - 18:35

    Thought diesel was more expensive due to the increased demand in logistics and transport trucks whuch uses… Diesel.

  • c64 on 10/12/2022 - 19:03
    +1

    abc news article https://www.abc.net.au/news/rural/2022-12-10/diesel-petrol-f…

  • netjock on 10/12/2022 - 20:36
    +2

    Unlike the majority of OzBargainers who drive hybrid Camrys or Corollas

    Most OzBargainers making $250k, 13kw of solar with Fronius inverter and charges their Tesla for free during the day and only drive at night.

    • iDroid on 10/12/2022 - 22:24

      Hell yeah, and we make our income from Broden'ing and reselling from OzBargain!

  • lordra on 10/12/2022 - 22:58
    +1

    For my little diesel Golf
    Avg Price/Litre - $1.73
    Avg Price/Fuel-up - $65.15
    Avg Price/km - $0.122
    Total Spent in the last 12 months- $1,107.57

    I'm fuming that prices are still high. However, what I'm fuming about even more (and I've never seen it on these forums), is the cost of parking. In some councils, you're looking at $10 per hour. Manly beach? You better bring your credit card with you, with how much they charge.

    Parking costs are RIDICULOUS. Sometimes people pay for parking in two days, more than a full tank of fuel!

  • bensl on 11/12/2022 - 07:51
    +1

    Paid $3.10 p/l last week on the nullabour!

  • saltypete on 11/12/2022 - 08:48
    +1

    And some those same companies are gearing up to install EV charging locations so they can continue to rip motorists off. And with our short memories we’ll be posting charging ‘bargains’ on here from BP etc.
    All a bit sad really…..

  • WT on 11/12/2022 - 10:21

    I few years ago it was 15-20c cheaper then 91

  • warkolm on 11/12/2022 - 16:07

    and my helicopter

    ….

    I’ve still got half a 150L to go before I’ll probably fly to WA

    ….

    How else is everyone managing the extortionate prices on diesel at the moment?

    ….

    fkn what

    • brendanm on 12/12/2022 - 00:02

      He doesn't know.

      I flew to WA for some fuel just today.

  • GOCAT9 on 11/12/2022 - 21:25

    Over here in Chile it is cheaper than petrol. It is always that way and interestingly is the same no matter where you are in the country! I think that is due to some kind of government control. That’s one of the reasons that I bought a diesel Hilux. Cost is about CLP$1200p/L, about AUD$2.00p/L.

  • Mark1159 on 12/12/2022 - 14:43

    Which rotary wing aircraft use diesel?

  • pogichinoy on 13/12/2022 - 16:27

    In saying that, I’ve still got half a 150L to go before I’ll probably fly to WA and lock in at $2.02/L or fill up at my next monthly Costco shop.

    150L? You must be driving a Prado or similar.

    How else is everyone managing the extortionate prices on diesel at the moment?

    Flying my helicopter and buying low when I can.

    Only thing we can do really.

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