Weekly Petrol Prices Report - Australia
3
INTERNATIONAL MARKET TRENDS
FIGURE 1: COMPARISON OF SINGAPORE PETROL PRICE (MOPS95 PETROL)
WITH CRUDE OIL PRICES
30
50
70
90
110
130
150
24/10/2 012 24/01/2013 24/04/2013 24/07/2013 24/10/2013 24/01/2014 24/04/2014 24/07/2014 24/10/2014
MOPS9 5 P etr ol T API S Crude Oil Dated Brent Crude Oil
Cents per litre ($A)
NOTE: Australia is part of the Asia-Pacific fuel market (Singapore is the regional refining/distribution centre) and relevant pricing benchmarks in
this market are Singapore petrol prices for unleaded petrol (MOPS95 Petrol) and Tapis and Dated Brent for crude oil. Prices for MOPS95 Petrol
and for Tapis and Dated Brent crude oil are provided by Platts (The McGraw-Hill Companies, Inc). Platts have publicly reported that countries
across the Asia-Pacific region including Australia are increasingly moving to using Dated Brent as the relevant crude pricing benchmark for crude
oil contract purpose s and spot transa ctions. Caltex Australia has also indicated in public statements a shift to Dated Brent c rude pricing. For
information on crude oil pricing and Dated Brent pricing in Asia see http://www.aip.com.au/pricing/crude.htm.
FIGURE 2: DIFFERENCE BETWE EN MARKET PRICES
MOPS95 Petrol price minus Tapis Crude Oil price
-12
-7
-2
3
8
13
18
24/10/2012 24/01/2013 24/04/2013 24/07/2013 24/10/2013 24/01/2014 24/04/2014 24/07/2014 24/10/2014
Dif ferenc e / Margin Period Average
Cents per litre ($A)
NOTE: The refiner margin above is the difference between market prices for MOPS95 Petrol and Tapis. It is not a figure determined by refiners.
Cents per litre (A$)
TAPIS CRUDE
OIL
DATED BRENT
CRUDE OIL
MOPS95
PETROL
Average: Last Week (to Friday 24/10/14) 63.1 61.4 69.9
Average: Previous Week (to Fri day 17/10/14) 64.0 61.3 71.2
Average: Last 4 W eeks 66.4 63.6 73.8
Average: Last 12 W eeks 69.9 66.5 75.2
Average: Last 12 Months 75.7 72.6 80.4
PLEASE NOTE
Differences/margins between market prices or benchmarks are used as indicators of general trends in the petroleum market,
they do not represent profits accruing to oil companies at the refining, wholesale or retail segments of the market.
For each market segment, a range of costs would need to be deducted to determine actual profits.
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