I must admit I've never really been able to tell if the major petrol stations like Woolworths Petrol and Coles Express match the surrounding petrol stations, or the surrounding petrol stations match Woolworths Petrol and Coles Express.
Then recently I found something unexpected happening with the Woolworths Petrol station in Epping. The Woolworths Petrol station price for unleaded petrol was unexpectedly changing by a considerable amount some days. At first I didn't know what was happening but then a pattern started to appear. When Costco Petrol was open Woolworths Petrol would lower their price to roughly match Costco Petrol price if you had a Woolworths Petrol discount voucher.
The following screen captures show the price change. The first screen capture was taken at 10:24 pm on Monday the 29th of October 2018. The second screen capture was taken on Tuesday the 30th of October 2018 at 9:08 am.
When Costco Petrol was closed on the Thursday night the price for unleaded petrol is 157.9 at Woolworths Petrol and when Costco Petrol is open on the Friday morning the price for unleaded petrol drops to 148.7 at Woolworths Petrol. If you take the Woolworths Petrol discount voucher off Woolworths Petrol price is closely matching the Costco Petrol price. This isn't a once off occurrence as I've watched this price matching occur many times.
Whilst this still doesn't answer the question of which companies match with petrol prices, in this case it's very apparent Woolworths Petrol is matching Costco Petrol's prices.
For consumers who are in the Epping area or passing through, knowing Woolworths Petrol is price matching Costco Petrol during Costco Petrol's opening hours means you know that best times to buy petrol at Woolworths Petrol Epping. It also means there's no need to get a Costco membership just to buy cheaper petrol.
A tip for drivers is if you're driving down the Hume Highway returning from a long trip and need petrol, getting off at Cooper Street, filling up and using Dalton Street to get back onto the Metropolitan Ring Road if heading east, could save a few dollars in petrol whilst not adding overly to the driving distance. It will of course be a slower drive. Getting off the Hume and then back onto the Hume is not such a good saving as it will add around 6 km to the trip and use approximately a dollar of extra petrol. When petrol is at it's peak this still could be a reasonable saving.
Woolworths Petrol in Braeside also appear to change their prices to match Costco Petrol, but the price fluctuation is nowhere as much.
Kelvin Eldridge
http://www.PetrolPricesMelbourne.com.au