The first signs of the petrol price hike are now occurring taking the price of unleaded petrol to 169.9 cents per litre in Melbourne.
This was almost totally predictable. It is often said it is a coincidence that petrol prices increase around school holidays. The last increase left me a little perplexed because the increase wasn't the usual 25-30 cents per litre from the current low. The increase was under 20 cents. That is something I hadn't seen in the time I've been monitoring petrol prices over the last two years and writing these posts.
Why was the last price increase last time so low?
Whilst I can't be certain, but by having a low increase, with the usual discounting of petrol the price would drop enough just in time for an increase for the school holidays. Had the price been increased to 164.9 or 169.9 which would have been in the 25-30 cent price increase last time, that would not have enabled prices to drop sufficiently for the prices to increase just before the school holidays. Just my opinion. Perhaps it just a coincidence.
Time to now monitor petrol prices and consider filling up in the next few days if this price hike continues. There's still plenty of scope for prices to continue to drop as the price is still often 4-8 cents above the Gate price. Woolworths Petrol at Lilydale and Clarinda have today increased to 169.9.
Don't forget the new Costco Petrol in Epping continues to influence the Woolworths Petrol price at Epping. Woolworths Petrol Epping price without the 4 cents/litre discount is currently 139.7.
Also watch the 7 Eleven prices and use the app to lock in a low price for another week. But as usual don't jump the gun too soon.
Kelvin Eldridge
https://www.PetrolPricesMelbourne.com.au
UPDATE: 22/09/2018
The first petrol stations lifting their prices had the price of unleaded petrol going to 169.9. The next petrol stations have taken the price to 167.9 and 167.9 is becoming the new high price.
This was almost totally predictable. It is often said it is a coincidence that petrol prices increase around school holidays. The last increase left me a little perplexed because the increase wasn't the usual 25-30 cents per litre from the current low. The increase was under 20 cents. That is something I hadn't seen in the time I've been monitoring petrol prices over the last two years and writing these posts.
Why was the last price increase last time so low?
Whilst I can't be certain, but by having a low increase, with the usual discounting of petrol the price would drop enough just in time for an increase for the school holidays. Had the price been increased to 164.9 or 169.9 which would have been in the 25-30 cent price increase last time, that would not have enabled prices to drop sufficiently for the prices to increase just before the school holidays. Just my opinion. Perhaps it just a coincidence.
Time to now monitor petrol prices and consider filling up in the next few days if this price hike continues. There's still plenty of scope for prices to continue to drop as the price is still often 4-8 cents above the Gate price. Woolworths Petrol at Lilydale and Clarinda have today increased to 169.9.
Don't forget the new Costco Petrol in Epping continues to influence the Woolworths Petrol price at Epping. Woolworths Petrol Epping price without the 4 cents/litre discount is currently 139.7.
Also watch the 7 Eleven prices and use the app to lock in a low price for another week. But as usual don't jump the gun too soon.
Kelvin Eldridge
https://www.PetrolPricesMelbourne.com.au
UPDATE: 22/09/2018
The first petrol stations lifting their prices had the price of unleaded petrol going to 169.9. The next petrol stations have taken the price to 167.9 and 167.9 is becoming the new high price.
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