Two nights ago I noticed the first signs of the petrol price hike. Some petrol stations had increased to 121.9 and others to 119.9. Today it looks like the new price is going to be around 119.9.
The current gate price (think wholesale price) is 89.9. The gate price has been slowly increasing since April 20, when the gate price was 80.5. The price hike for unleaded petrol is around 30 cents per litre which is lower than it has been for many months. Typical price hikes recently have been around 40 cents per litre or more. Perhaps it's because the price of unleaded petrol is low, a 40 cent price increase could really get some bad press.
It's now time to keep an eye on petrol prices and fill up when the price is still low. Also keep in mind the & Eleven Fuel app enables you to lock in 7 Eleven fuel prices for an additional week. Recently 7 Eleven changed their offer so you no longer need to have credit on your rewards card to take advantage of locking in the cheaper petrol prices.
I can't help thinking we're not going to see such low prices, perhaps ever in my lifetime. The coronavirus has certainly had a major impact in many ways.
Even less with a discount voucher.
Kelvin Eldridge
www.PetrolPricesMelbourne.com.au
The current gate price (think wholesale price) is 89.9. The gate price has been slowly increasing since April 20, when the gate price was 80.5. The price hike for unleaded petrol is around 30 cents per litre which is lower than it has been for many months. Typical price hikes recently have been around 40 cents per litre or more. Perhaps it's because the price of unleaded petrol is low, a 40 cent price increase could really get some bad press.
It's now time to keep an eye on petrol prices and fill up when the price is still low. Also keep in mind the & Eleven Fuel app enables you to lock in 7 Eleven fuel prices for an additional week. Recently 7 Eleven changed their offer so you no longer need to have credit on your rewards card to take advantage of locking in the cheaper petrol prices.
I can't help thinking we're not going to see such low prices, perhaps ever in my lifetime. The coronavirus has certainly had a major impact in many ways.
Even less with a discount voucher.
Kelvin Eldridge
www.PetrolPricesMelbourne.com.au
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