Petrol prices remain high: 5 ways to save on fuel these holidays

By Polly Fleeting · · 2 min read
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dog in family car that saves on fuel

If there’s one thing that we’re sure you’ve probably noticed lately, it’s that petrol prices are not dropping. 

In fact, fresh stats from the Australian Competition & Consumer Commission (ACCC) show that at the end of October 2021, daily petrol prices increased by 172.4 cents per litre (cpl),  on a seven-day rolling average basis. 

The numbers took into account fuel prices from major cities Sydney, Melbourne, Brisbane, Adelaide and Perth. And according to the ACCC, these are the highest prices in seven years (in inflation adjusted terms). 

The report also showed that drivers across the five major cities paid approximately 48.0 cpl more in November 2021 than they did the same time in 2020. 

So how can you save on petrol this holiday season? Here are 5 top tips! 

Whether you’re preparing for a long road trip or beep-bopping around the city visiting friends and family over the holiday season - penny pinching on fuel could make a real difference to your overall savings. 

With that in mind, here are 5 ways to save of fuel this Christmas and New Year period: 

1. Car pool: Heading to Nana’s for Christmas Day? Or maybe your road tripping down the coast with mates for New Years? No matter what it is, consider carpooling to save on petrol. The more people you split with, the cheaper it gets! 

2. Get public transport: If jumping on a train or bus is really just as easy as getting behind the wheel, not only are you doing the planet a world of good by minimising your emissions, your wallet will also thank you too. 

3. Walk when you can: When the sun is sunshine, why not get the legs moving and walk? That’s for free! (Keep in mind, this is only if it's possible to do so - because walking a road trip is likely not an option!)  

4. Keep note of where petrol is cheapest: Spy a cheap petrol station around your area? Keep note and make sure you fill up there. Also don’t be afraid to fill up part of your tank on cheaper days as well. 

5. Switch to an EV or hybrid car: While this isn’t a quick-fix, if you are already on the hunt for a new car this Christmas and thinking of more long-term petrol savings for 2022 then an electric vehicle (EV) or hybrid car might be a good option for you. These vehicles either require no or minimal fuel to run, so you could save big in the long run. 

In the market for a new car and want to compare car loans? Check out these top options below!

Compare car loans - last updated 26 April 2024

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* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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