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How to find the cheapest petrol

Published on December 8th, 2020
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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So you may wonder; how can you find the cheapest petrol near you? We’ve put together the best resources to help you do just that.

MotorMouth.com.au

MotorMouth.com.au is Australia’s leading website for tracking petrol prices in every state and territory in Australia. You can search for the lowest price in your area and register to get alerts about discounted fuel offers. It’s considered Australia’s leading authority on petrol prices. They now offer a smartphone app to help you on the go. It’s available for iPhone and Android.

Compare the Market

Compare the Market has advertised itself on finding the lowest rates on insurance, but it also has a powerful search tool for petrol prices. You just enter your postcode for all your nearest petrol stations and the prices for each individual fuel type. The website also states they update their prices three times a day to maintain the best accuracy.

Look to Singapore

Looking to Singapore to see how much petrol costs in Australia doesn’t make much sense. But the opposite is true. The Australian Institute of Petroleum (AIP) says when Singaporean petrol prices rise or fall, Australian petrol prices will more or less match that fluctuation after one or two weeks.  If you’re careful about planning trips, it may be worth a look at the Global Petrol Prices index every so often.

Read the Weekly Petrol Prices Report

The AIP releases a petrol prices report each week that discusses in thorough detail all the trends and changes in petrol prices over the last week. It includes market data, retail prices, analysis and in-depth looks at the global market. Much like looking at Singapore, you may want to see how and when the retail discount cycle works as it’s all detailed in graphs and charts. It’s released every Monday.

FuelWatch (WA Only)

Western Australia has a government-run fuel price website that gives you tomorrow’s fuel prices by 2:30pm each day. A website called WA Fuel Finder uses that data and overlays it on maps to help you find the cheapest petrol station. It also has an app for iOS.

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This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.

The content on our website is produced by experts in the field of finance and reviewed as part of our editorial guidelines. We endeavour to keep all information across our site updated with accurate information.

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The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.

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