Saving on Petrol by Buying on the Right Day

As the cost of living goes up, Australians need to be tactical on how and when they spend their money in order to stretch the value they receive from their hard-earned dollars. One area of constant fluctuation is the pricing of petrol. Fortunately, petrol price cycles are fairly easy to monitor and track. This makes it somewhat easier to pin point which day(s) of the week are cheapest or highest.

There are multiple reasons which contribute to the pricing cycles of petrol. Some of the main factors include: pricing arrangements with retailers and suppliers, the amount of competition in any specific area (the more the better), demand based on day of the week and holidays, etc…

Below is a chart that provided by the ACCC which outlines the cheapest day of the week to buy petrol in the 5 major capital cities – This is a daily average and the day may differ in your immediate area. Links below will provide greater detail.

Note: The duration of price cycles have been changing and are no longer weekly. Consequently, the cheapest day to buy petrol last week was not necessarily the same as the cheapest day of the price cycle. (Source ACCC)

For current averages based on capital city – Petrol Cycles

The above information should make it easier for individuals and families to save on their petrol costs. Understanding the petrol pricing cycle allows Australians to take advantage on great savings that directly impact their back pocket.

In addition to the information provided here. Take matters into your own hands, do a bit of investigating with your local servo(s). In a spreadsheet or even on a little piece of paper, create a small weekly pricing metrics and fill in the daily prices. After a months worth of data you should be able to establish a pricing pattern which will allow you to purchase cheaper petrol in your immediate area.