The Australian Competition and Consumer Commission (ACCC) maintains a petrol price cycles page that is updated numerous times per week as part of its fuel price monitoring activities. As a result, doing some serious research pays off. This isn’t always the case, as prices might vary dramatically from week to week. Tuesdays and Sundays, according to common perception, are the cheapest days to buy gasoline, whereas Thursdays and Fridays should be avoided. Stick to the cheapest daysand do your research!
This currently has a four-cent-off-per-litre basic fuel deal.
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Some of them, such as the Woolworths Everyday Rewards card, are even free to join. Several credit card companies provide multicards with built-in gas price savings. That way, you’ll never have to pay for gas on a pricey day and still have enough to go around. Instead, get into the habit of topping up on occasion when prices are low. The disadvantage of this strategy is that you are obligated to pay whatever the asking price is on that specific day.
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The majority of drivers fill up their car right before they run out of gas since it’s one of those time-consuming tasks that we only want to undertake when absolutely essential. Libya’s crude oil production has remained volatile despite blockades by militias in the country’s east, with output lately reaching 700,000 barrels per day. Other central banks throughout the world, such as the Bank of England and the Swiss National Bank, have followed suit.īrent crude futures hit their lowest level in a month today, and few analysts believe the drop will be short-lived.įollowing Russia’s invasion of Ukraine, Western sanctions on its petroleum imports have curtailed access to Russian crude. New Delhi’s petrol prices were Rs 96.72 per litre, Mumbai’s were Rs 106.03 per litre, Mumbai’s were Rs 111.35 per litre, and Chennai’s were Rs 102.73 per litre.īrent traded at $113.3 per barrel on international markets, up 0.12%, and West Texas Intermediate (WTI) at $109.8 per barrel, up 0.23 percent.ĭuring today’s trading session, fuel prices stabilized in international markets, reversing last week’s losses as the market sought to balance restricted fuel supplies with mounting concerns about the global economic slowdown.įollowing the US Federal Reserve’s approval of raising interest rates by 75 basis points for the first time in more than a quarter-century to combat inflation, analysts and investors are forecasting a recession. As the market balances recession fears with short supply, petrol prices in India have remained unchanged, following cues from global markets.
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