For something that’s black, oily and looks like dirt, petrol is annoyingly expensive. So it’s something I like to pay as little for as possible. Unfortunately, because there several factors that affect how much you actually pay for your petrol, like price fluctuations, which petrol station you go to and what credit cards you can use, few people can be bothered to calculate which petrol station is really the cheapest. Here’s how to get the cheapest petrol on any given day.
Petrol station prices
Petrol prices fluctuate from time to time, but less frequently than you have to pump petrol. When your tank is getting dry, do a quick search on the Internet or use an app like SG Petrol Prices Lite to check which petrol station is the cheapest for the type of petrol you use.
Petrol prices (per litre) for today are as follows:
Total up your discounts and rebates
There’s an ideal credit card to use at every petrol station, and this complicates matters further because the cheapest petrol station may no longer be the cheapest if you get a better credit card or loyalty card deal at another.
As a general guide, here are credit cards you should use at each petrol station. There’s a separate category for cars and bikes, since Citibank Dividend requires you to spend at least $50 at one shot to qualify for the 5% rebate.
And the winner is….
Here are our results based on the above for a 40 litre tank (an arbitrary number but discounts apply regardless of full tank size).
And the winner is:
- Caltex – only if you can fulfil the HSBC Visa Platinum’s minimum spending requirement to qualify for the 5% cash rebates. You can apply for the HSBC Visa Platinum card here.
- SPC – While the POSB Everyday Card presents significant savings at SPC with a total of 20.1% savings, Amex has recently launched an SPC promotion that gives a higher 21% in savings. If you are interested in the American Express Platinum Credit Card, you can apply here. For the POSB Everyday Card, you can apply here.
If you still insist on pumping regularly at Esso or Shell, then apply for the Citi DIVIDEND Card.
Are you going to get petrol at a different station now? Let us know in the comments!
The post Where Can You Get The Cheapest Petrol in Singapore Today? appeared first on the MoneySmart blog.
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