What is Terminal Gate Price (TGP)?

TGP is the wholesale price service station operators pay to load fuel at the terminal before transporting it to their site. AIP-published TGPs are inclusive of fuel excise (~50.8 c/L) and GST — those are collected at the terminal, not the pump. The difference between TGP and the retail price you pay is the retailer's freight + margin. TGP is published daily by BP, Ampol, Viva Energy, and ExxonMobil via the Australian Institute of Petroleum.

How often do wholesale prices change?

TGP is updated daily on weekdays. Retail pump prices follow on a delayed cycle — most Australian capital cities run a five-to-seven-day price cycle where retailers discount toward the end of each cycle before resetting sharply. Singapore Mogas 95 moves daily with the Asian petroleum market.

What is the Import Parity Price?

The Import Parity Price (IPP) is the benchmark price Australian importers could land petrol for, based on Singapore Mogas 95 converted to AUD at the current exchange rate, plus freight, wharfage, and terminal fees. Domestic wholesale TGP usually tracks IPP closely — large sustained gaps in either direction signal unusual supply or demand conditions.

Wholesale Fuel Recap — Week ending 14 April 2026

2026-04-14

Australian wholesale (TGP) averaged 191.3 c/L ULP and 264.5 c/L diesel this week. Singapore Mogas 95 at US$128.23/bbl, Brent US$123.28/bbl. Full breakdown of the retail–wholesale spread, import-parity floor, and the week's biggest city mover.

This week in wholesale

Week ending 14 April 2026. National wholesale (terminal gate) averaged 191.3 c/L for ULP and 264.5 c/L for diesel across Australia's seven capital cities. First wholesale snapshot we've logged for this series — week-on-week comparisons start landing from next Tuesday.

Wholesale TGP is what service-station operators pay at the terminal — already inclusive of the ~50.8 c/L federal fuel excise and GST, both of which are collected upstream at the terminal gate rather than at the pump. The gap between this wholesale number and the retail pump price is the retailer's freight from terminal plus their station margin. Scroll down for the per-city breakdown.

Terminal gate prices by capital city

| City | ULP (c/L) | WoW | Diesel (c/L) | WoW | | :-- | --: | --: | --: | --: | | Sydney | 190.5 | — | 264.7 | — | | Melbourne | 190.8 | — | 264.7 | — | | Brisbane | 190.1 | — | 263.8 | — | | Adelaide | 190.4 | — | 264.4 | — | | Perth | 188.8 | — | 260.4 | — | | Darwin | 194.3 | — | 270.7 | — | | Hobart | 194.1 | — | 262.5 | — |

Terminal Gate Prices published daily by BP, Ampol, Viva Energy, and ExxonMobil via the Australian Institute of Petroleum. These are duty-paid, GST-inclusive prices at the terminal loading gate — retailer freight and margin are added on top to produce the pump price.

The retail–wholesale spread

ULP: retail national average is $2.35/L (235.0 c/L), wholesale TGP is 191.3 c/L. The **retailer margin + freight component is ~43.7 c/L** — that's the gap between the terminal gate and the bowser.

Diesel: retail national average is $2.78/L (278.0 c/L), wholesale TGP is 264.5 c/L. Retailer margin + freight: **~13.5 c/L**.

Important: **AIP's Terminal Gate Price is already excise-inclusive and GST-inclusive.** Fuel excise (~50.8 c/L, indexed to CPI every February and August) is collected at the refinery or import terminal, not at the pump. GST is applied on top of the excise-inclusive wholesale. So the retail–wholesale gap you see above is purely the retailer's take — freight from terminal to station, site running costs, EFTPOS fees, card surcharges, shrinkage, and profit. Typical retailer margins run 5–15 c/L in competitive metro corridors and 15–30 c/L in regional monopolies.

:::note If you're seeing a much bigger spread than the national average in your suburb, the station is probably mid-way through a price cycle. Wholesale moves daily; retail reprices on the five-to-seven-day cycle most Australian capitals run, so the gap widens late-cycle before crashing back at the reset. :::

Retail baseline last refreshed 19 March 2026.

International benchmarks and the IPP floor

| Benchmark | Value | WoW | YoY | | :-- | --: | --: | --: | | Mogas 95 (US Gulf proxy) | US$128.23/bbl | — | — | | Brent crude | US$123.28/bbl | — | — | | AUD / USD | 0.7170 | — | — |

**Estimated Import Parity Price** (Mogas 95 converted to AUD per litre, plus ~14 c/L freight + wharfage + terminal fees): **126.5 c/L**. National wholesale ULP TGP is 191.3 c/L — a **64.8 c/L premium** to IPP. Refiners + importers are capturing margin above the import floor.

Why these numbers matter: Singapore Mogas 95 is the wholesale price of finished-grade petrol in the Asian market. Australian importers buy at this price, ship it (adds freight + wharfage), and land it at the terminal. That's why AUD/USD moves show up at the pump within 7–14 days — a weaker Aussie dollar makes imported petrol more expensive in AUD terms.

:::note The Singapore Mogas 95 live feed was unavailable this week — we're using US Gulf Coast Conventional Gasoline (EIA series RBOB-equivalent) as a proxy. The two benchmarks move together closely; absolute level may differ by US$2–5/bbl. :::

What to watch next week

- **RBA cash rate** currently 4.10% (set 2026-04-16). The next RBA decision is the fortnight's major watch-point for wholesale pricing via the AUD. - **ABS CPI release** in 15 days (2026-04-29). Headline and trimmed-mean prints reset the RBA's risk profile and feed into the next excise adjustment.

Our [trigger monitor](/) tracks these daily and flags material moves — pair it with this weekly recap for the full picture.

Tags: wholesale prices, TGP, Mogas 95, Brent crude, petrol prices, diesel prices, AIP, fuel market, weekly recap, fuel excise, import parity