Monday, September 12, 2005
Don't top up full tank
Lamented to my colleague that a full tank of petrol costs me around S$110 these days. Beside better trip planning etc, what else can I do to manage my fuel cost.
The advice I received was a simple one. To combat the rising petrol price, top up just enough for the day. And with the way prices are jumping around, there could be up to 25% difference from one evening to the next morning. He argued that if I have my tank full of the higher priced petrol, then I would not room in the tank for the less expensive petrol the next day. He was convinced that I might not understand the economics, his strategy work.
Also, he advised that I should not buy anything else at the petrol station; don't give them any more of my hard earned money than what I spend on petrol, until the prices come down.
The advice I received was a simple one. To combat the rising petrol price, top up just enough for the day. And with the way prices are jumping around, there could be up to 25% difference from one evening to the next morning. He argued that if I have my tank full of the higher priced petrol, then I would not room in the tank for the less expensive petrol the next day. He was convinced that I might not understand the economics, his strategy work.
Also, he advised that I should not buy anything else at the petrol station; don't give them any more of my hard earned money than what I spend on petrol, until the prices come down.
