Monday, January 06, 2020

Petrol price alert: Petrol prices in Melbourne increasing to 175.9

A couple of days ago I noticed the Woolworths Clarinda petrol station put their unleaded petrol price up to 179.9. I thought this was a bit steep as the average gate price was going down. The average gate price is currently 133.9 for unleaded petrol. To go up nearly 45 cents seemed a bit steep based on previous prices hikes.

Today a number of petrol stations have put up their unleaded price to 175.9 which we can now expect to be the current hike price.

It's hard to say if prices will go up before this coming weekend for the first wave of holiday makers returning from holiday, but it's almost certain the prices will be up for the following weekend for the rest of the holiday makers.

For a couple of years the price hike was between 25-30 cents above the average gate price, but recently that has increase to around 40 cents per litre. Since nothing been said by the powers to be about excessive price increases, we can only expect the price hike each time to now be around 40 cents per litre.

It's time to keep an eye on prices and fill up as and when required. Then if you're using the 7 Eleven fuel app, wait until you feel you can lock in the low price for another week. Last month I managed to save over $17 for a tank of petrol using the 7 Eleven fuel app. Makes the $2 saving I make using discount vouchers look tiny, but every bit helps.

Kelvin Eldridge
www.PetrolPricesMelbourne.com.au

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