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

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!

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  • Used Car Loan

    Fixed, Secured, No vehicle age limit

    Interest rate
    comparison rate
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    7.19% p.a.to 21.78% p.a.based on $30,000
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  • Better Car Loan Special Offer

    Fixed, Secured

    Interest rate
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    Monthly repayment
    6.24% p.a.
    6.65% p.a.based on $30,000
    over 5 years

    Get a fixed rate car loan for amounts over $20,000 with Police Credit Union. Make additional repayments at any time without penalty. Free online redraw. Available for new and used cars. Can also be used for motorcycles, boats, caravans, trailers or any registrable vehicle.

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  • New Car Loan

    Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    6.57% p.a.to 18.99% p.a.
    7.19% p.a.to 21.78% p.a.based on $30,000
    over 5 years

    Get a competitive fixed interest rate on a secured new car loan of up to $75,000 depending on your credit score. Easy online application. Fast pre-approval. Pre-approved funds held for up to 3 months. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.

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  • Any Age Car Loan

    Variable, Secured

    Interest rate
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    Monthly repayment
    10.69% p.a.
    10.97% p.a.based on $30,000
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  • Car Loan

    Variable, Secured

    Interest rate
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    Monthly repayment
    8.99% p.a.
    9.13% p.a.based on $30,000
    over 5 years

    Repayment terms from 1 year to 6 years. Representative example: a 5 year $30,000 loan at 8.99% would cost $37,456.30 including fees.

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