New entrant in Perth’s fuel market named cheapest site in a record year

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Business / companyConsumerMotor industry

A new entrant into Perth’s fuel market has topped the list of the cheapest non-membership outlets in the Perth metropolitan area for 2022, in a year when high fuel prices broke all-time records.

Atlas Fuel Kwinana offered Perth drivers an average price for regular unleaded petrol (ULP) of 165.7 cents per litre (cpl) throughout the year. The nearby Vibe Kwinana OPT came in second with 166 cpl and Liberty Gosnells third with 168.5 cpl. Costco at Perth Airport was the overall cheapest, offering 162.3 cpl, but an annual membership fee is required to access this fuel outlet.

The overall average price for ULP in Perth in 2022 was 180.6 cpl, eclipsing last year’s total of 145.6 cpl. The ULP daily average peaked at a record 223.5 cpl on 29 June 2022, with a number of individual sites priced at 239.9 cpl on the same day.

Diesel prices also broke all-time records with the daily average topping 235.6 cpl on 28 and 30 October 2022 and 252.9 cpl at an individual site on 27 October 2022.

Independent retailers again dominated the cheapest list, taking nine of the top ten positions, while BP and Ampol dominated the list of the most expensive sites.

Commissioner for Consumer Protection Gary Newcombe said drivers in the Kwinana area are the big winners at the moment when it comes to easy access to the cheapest prices.

“Four independent fuel outlets in Kwinana, one Atlas Fuel and three Vibe, are included in the top ten cheapest list and there is now the newly opened Costco store in Casuarina that will add to the already strong local competition,” Mr Newcombe said.

“2022 has been a horror year for households with record fuel prices adding to the rising cost of living burden. However, prices have eased recently.

“Fuel prices have been extremely volatile during the year, peaking at record levels after the lifting of COVID-19 travel restrictions and the Russian invasion of Ukraine disrupting the international fuel market. Prices have, however, reduced recently with fears of a global recession.

“This easing is expected to continue leading into Christmas, but volatility due to a number of factors will also continue, so accurate longer-term predictions are difficult to make.

“The year saw a disruption to the fortnightly price cycle in June with some retailers deciding to introduce smaller mid-cycle price hikes. This gives motorists a price reprieve on cheaper Tuesdays every week, when most outlets are selling close to or below wholesale prices.”

The high prices resulted in a record 19.2 million visits to the free FuelWatch website in 2022, averaging about 55,000 visits a day. The highest number of visits was 157,637 on 8 March 2022. Currently 14,400 people subscribe to daily FuelWatch email alerts.

“By using the FuelWatch website and always shopping at the cheapest site, rather than the most expensive, motorists with an average 60-litre tank can potentially save up to $1,000 a year,” the Commissioner said.

“So this is a good savings tip for households struggling to deal with the current high cost of living.”

Fuel price information is available at www.fuelwatch.wa.gov.au and, after 2.30pm each day, motorists can compare both today’s and tomorrow’s prices. Email alerts can also be sent out daily or motorists can call 1300 30 40 54.

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NOTE: Fuel sites on the list must be open for at least six months of 2022.

Media Contact: Alan Hynd, (08) 6552 9248 / 0429 078 791 / cpmedia@demirs.wa.gov.au  

Cheapest ULP retailers in Perth metro area for 2022:

 

Ranking

Trading Name

Location

ULP Average (cpl)

1

Costco Perth Airport

PERTH AIRPORT

162.3*

1

Atlas Fuel Kwinana

KWINANA BEACH

165.7

2

Vibe Kwinana OPT

KWINANA BEACH

166.0

3

Liberty Gosnells

GOSNELLS

168.5

4

FastFuel 24/7

FORRESTFIELD

169.1

5

Vibe Kwinana Town Centre

KWINANA BEACH

169.3

6

Vibe Kwinana

KWINANA BEACH

169.5

7

Vibe Canning Vale

CANNING VALE

169.7

8

Shell Alkimos

ALKIMOS

169.9

9

Vibe Morley

MORLEY

170.2

10

Vibe Jandakot

JANDAKOT

170.7

*Membership required

 

Cheapest ULP retailers in Perth metro area for 2022 (by region):

 

Area

Trading Name

Location

ULP Average (cpl)

East/Hills

FastFuel 24/7

FORRESTFIELD

169.1

 

Vibe Forrestfield

FORRESTFIELD

171.1

 

Vibe Upper Swan IGA Express

UPPER SWAN

172.0

 

Shell High Wycombe

HIGH WYCOMBE

173.2

 

NightOwl Shell Bellevue

BELLEVUE

173.8

North

Shell Alkimos

ALKIMOS

169.9

 

Vibe Morley

MORLEY

170.2

 

X Convenience Alkimos

ALKIMOS

170.9

 

United Bassendean

BASSENDEAN

172.2

 

United Neerabup

NEERABUP

172.8

South

Costco Perth Airport

PERTH AIRPORT

162.3*

 

Atlas Fuel Kwinana

KWINANA BEACH

165.7

 

Vibe Kwinana OPT

KWINANA BEACH

166.0

 

Liberty Gosnells

GOSNELLS

168.5

 

Vibe Kwinana Town Centre

KWINANA

169.3

 

Vibe Kwinana

KWINANA BEACH

169.5

*Membership required

 

Most expensive ULP retailers in Perth metro area for 2022:

 

Trading Name

Location

ULP Average (cpl)

Mundijong Store and Deli

MUNDIJONG

193.6

Gidgie One Stop

GIDGEGANNUP

192.4

United Swanbourne

SWANBOURNE

192.0

Glen Forrest Fuel

GLEN FORREST

188.9

Ampol Bibra Lake Diesel Stop

BIBRA LAKE

187.0

BP Beeliar

COCKBURN CENTRAL

187.0

BP Mullaloo

MULLALOO

186.8

BP Beldon

BELDON

186.8

BP Greenwood

GREENWOOD

186.7

BP Balcatta

BALCATTA

186.6

BP Ballajura

BALLAJURA

186.5

Ampol Foodary Bannister Road

CANNING VALE

186.4

 

2022 Average ULP Metro prices (YTD Dec 2022)
2022 Average ULP Metro prices (YTD Dec 2022), by FuelWatch

 

Consumer Protection
Media release
19 Dec 2022

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