price indicators

subscriber access

contact us

APMM home

FUELtrac home

Terminal Gate Price Benchmark  Indicator Series

The TGP Benchmark Indicator is an independent market-based daily indicator of Australian Terminal Gate Prices.   A TGP price series is published daily by the APMM for each grades of petrol and diesel for each of the following capital locations - Sydney, Melbourne, Adelaide, Perth, Darwin, and Brisbane. 

It provides an authoritative independent assessment of market-based movements in the cost of product and price margins which are reflected in the terminal gate prices as published by the respective major oil companies.  It does this by computing the effective import-parity price for each product to each of the capital city terminal locations.  The TGP BI also includes a systematic assessment of the market-based margin over import-parity supply costs which is currently included in the posted terminal gate prices. 

Although it had no legal force after 1998, prices reflecting the ACCC's former 'Intervention Price' continued to be widely used in the industry as a benchmark for company list wholesale and retail prices for many years. The recent changes in the market have rendered these pricing benchmarks largely irrelevant. The TGP BI has been designed to reflect market conditions in the national oil market in 2005. 

The former national import parity price benchmarks have no real relevance in these market conditions.   The TGP 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.