Checking petrol prices tonight I noticed a number of petrol stations around Melbourne have increased their unleaded price to 166.9 cents per litre. With the current gate price at 137.9 cents per litre, and then adding the usual 25-30 cents per litre when prices hike, we could expect to see the unlead petrol price to hike to somewhere in the range of 162.9 to 167.9. I would expect the price to hike to 164.9 as the price looks better and makes the price appear to be in the lower half of the 160-170 range. However at 166.9 this is still within the expected range.
I'll continue to watch the petrol prices as I usually like to wait until I see three or more Woolworths Petrol station increase their prices. Sometimes some petrol stations break from the pack just to later reduce their prices. Once I'm confident the petrol price hike cycle has started I'll notify those on the Alert mailing list.
Let's see what happens tomorrow.
Kelvin Eldridge
www.PetrolPricesMelbourne.com.au
Petrol Prices Melbourne
Update: 1/05/2019
A few more petrol stations have increased their prices to 166.9. Looks like 166.9 is the new price hike price.
Update: 9/05/2019
The hiking of petrol prices has occurred quite slowly this time. It's 9 days since the first signs of the price hike started and still an estimated 20% of petrol station have not increased their prices. That's great for drivers as it means cheaper prices are still relatively easy to find.
A second unusual situation is the average gate price (think wholesale) has dropped a couple of cents so we're seeing a second group now raise their prices to 159.9, meaning even if you miss out on the cheaper prices there's still a 7 cents per litre saving that can be found.
As we approach the weekend it's probably safe to assume most prices will have gone up by Monday and perhaps prices might quickly drop to around the high 150 mark.
I'll continue to watch the petrol prices as I usually like to wait until I see three or more Woolworths Petrol station increase their prices. Sometimes some petrol stations break from the pack just to later reduce their prices. Once I'm confident the petrol price hike cycle has started I'll notify those on the Alert mailing list.
Let's see what happens tomorrow.
Kelvin Eldridge
www.PetrolPricesMelbourne.com.au
Petrol Prices Melbourne
Update: 1/05/2019
A few more petrol stations have increased their prices to 166.9. Looks like 166.9 is the new price hike price.
Update: 9/05/2019
The hiking of petrol prices has occurred quite slowly this time. It's 9 days since the first signs of the price hike started and still an estimated 20% of petrol station have not increased their prices. That's great for drivers as it means cheaper prices are still relatively easy to find.
A second unusual situation is the average gate price (think wholesale) has dropped a couple of cents so we're seeing a second group now raise their prices to 159.9, meaning even if you miss out on the cheaper prices there's still a 7 cents per litre saving that can be found.
As we approach the weekend it's probably safe to assume most prices will have gone up by Monday and perhaps prices might quickly drop to around the high 150 mark.
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