How Fuel Pricing Works
Understanding the factors that affect petrol prices in Melbourne
Price Cycle Overview
Melbourne, like many Australian cities, experiences a weekly fuel price cycle. Prices typically start low early in the week and gradually increase, peaking on weekends before dropping again.
Understanding this cycle can help you save significantly on fuel costs over time.
Factors Affecting Fuel Prices
Global Oil Prices
High ImpactInternational crude oil prices are the primary driver of fuel costs
Australian Dollar Exchange Rate
High ImpactOil is traded in USD, so exchange rates directly affect local prices
Taxes and Levies
Medium ImpactExcise tax, GST, and state levies make up about 40% of the pump price
Operating Costs
Medium ImpactRent, staff, and maintenance costs vary by location
Competition
Medium ImpactAreas with more stations tend to have more competitive pricing
Money-Saving Strategies
Time Your Fill-ups
Fill up early in the week when prices are lowest
Use Our Tools
Compare prices before heading out
Maintain Your Vehicle
Proper maintenance improves fuel efficiency
Plan Your Route
Avoid unnecessary trips and combine errands