The Australian Petroleum Market Monitor (APMM) price indicators

The APMM publishes three Price Indicator Series on a daily basis as a subscription service. The three Price Indicator Series are delivered daily by e-mail or by fax to subscribers, who also receive an end of month cumulative report and graph of movements in the case of the IP/DIP and CRP/IP indicators. The computation basis of the APMM Indicators is set out in a Definitional Statement for each APMM Indicator series.

The IP/DIP Indicator series compares the current daily indicator value with a rolling 7-day average indicator. The IP is a national indicator of product import parity values for petrol and diesel across Australia. This series is computed in strict conformity with the publicly documented computation procedures formerly adopted by the ACCC in its Intervention Price Series. This series is an indicator of national average product import parity values on a notional delivered wholesale basis. The indicator includes display of federal excise. The DIP utilises a combination of data from the IP indicator and a daily assessment of wholesale product prices. The data is plotted on charts depicting the variations between the 7-day average of IP prices and the daily price. This information gives an incisive indication of market volatility and short term trends in prices. The data provides a valuable predictive function for wholesale fuel purchasers.

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The CRP/IP Indicator series compares the effective Caltex Reference Price with a rolling 7-day average indicator. The data is plotted on charts depicting the variations between the daily CRP and the 7-day average IP prices. This information gives an incisive indication of market volatility and short term trends in prices. The data provides a valuable predictive function for wholesale fuel purchasers.

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The TGP Benchmark Indicator series is an independent market-based daily indicator of Australian Terminal Gate Prices. The TGP BI provides a systematic daily benchmarking of the posted terminal gate prices of each company including temperature compensated prices, by location against actual import parity costs to that location and the margins over these costs which are reflected in competitive terminal gate prices.

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