Motorists left with more spare cash as petrol price cycle collapses

By Mozo ·

Motorists may be left with more spare change in their pockets as the weekly fuel pricing cycle appears to have collapsed.

CommSec economists said that motorists buying petrol on the most expensive days of the week were paying less than 1¢ per litre more than they were on "cheap Tuesday", the Courier-Mail reported.

This change in the weekly price cycle could mean that drivers will be able to make savings of $6-$8 per tank.

CommSec economist Savanth Sebastian suggested that the collapse in the cycle could mean the oil companies are preparing for a price war.

He advised motorists to fill up while prices are low, adding: "It is great news for motorists, it just means that whatever day you buy petrol at seems to be the cheap day."

According to a recent report by News Limited, Australian bank customers should compare credit cards to avoid paying excessive fees.

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