Wiser payment options can save holiday travel costs
When it comes to paying for fuel, your choices are now wider than ever, and changing how you pay for petrol may save you money when you fill up. Angelique Ardé reports
In light of the recent hikes in the petrol price, is it possible to offset this cost – or at least some of it – by becoming a more savvy petrol shopper?
In addition to cash, petrol cards, debit cards and cheque cards, increasingly petrol stations now also accept credit cards. Whichever method you use to pay for petrol, it’s costing you – be it card fees, transaction fees and/or interest.
So what is the most cost-effective way to pay for petrol? As always, it depends on your circumstances: the type of account you have and your banking habits.
As of November 2, the most recent increase, petrol costs you an additional 23 cents a litre and diesel an extra 36 cents a litre. Assuming your tank takes 45 litres of petrol, it now costs you about R477, or R10.35 more, to fill up inland. Ninety-three octane costs R10.60 a litre inland and 95 octane petrol sells for R10.47 a litre at the coast. The wholesale price of diesel with a sulphur content of 0.05 percent is R9.81 at the coast and R10.01 inland, but the retail price of diesel varies among filling stations.
The advantages and disadvantages of the various ways of paying for petrol are discussed on this page.