Is fuel cheaper on Monday? Find out how to save a few euros in the face of record increases in recent weeks

With gasoline and diesel prices reaching extreme levels due to the Ukrainian war, there are more and more queues to fill, at stations still offering more competitive prices, or at least not very high.

This made us all start to be more attentive to potential tips to deliver more economically and according to “elEconomista”, Monday is the perfect day to do so.

According to the newspaper, the belief that refueling on Monday is cheaper is not a myth. At least, the stats are proof, because except for very specific times – like holidays and bridges – fuel isn’t that expensive on this day of the week.

Of course, in such an extraordinary situation the world is facing, there is no certainty foreseen. But depending on the trend, Monday’s price drop could range from 1% to just over 2% for petrol and diesel.

And what is the explanation? The answer lies in the fact that the European Union requires gas stations to record the prices of their products on Mondays and monitor them weekly and compare them with other stations in Europe.

This, as the Spanish newspaper explains, makes gas stations tend to lower their prices, in order to obtain better results in a statistical comparison.

On the other hand, Saturdays are usually the days when gasoline is more expensive. In addition, there are currently a large number of applications with updated fuel prices at each station, so you can check which one is cheaper and save a few euros.

Fuel prices have risen to record highs every week. In the next high, a new high is expected, according to data from the Directorate General of Energy and Geology (DGEG).

“If the week ends here, the price of diesel will rise by about 18 cents per liter on Monday, and the price of gasoline by 12 cents,” an industry source told Multinews on Tuesday.

DGEG showed that fuel has already gone up 10 times since the beginning of the year. During this period, the price of diesel increased by 31 cents a liter, while gasoline prices increased by 25 cents.

This means that filling a 60-liter tank with gasoline costs 15 euros more than it did in the first week of January. To fill the diesel tank, it takes 19 euros more than ten weeks. In the last week alone, the bill has gone up by 5 and 8 euros, respectively.

DGEG data shows that the average price of a simple diesel liter in Portugal currently costs 1,812 euros per liter, while the price of a simple petrol 95 is 1,917 euros.

The Portuguese have never paid so much for each liter of these fuels, and next week they will renew the records again, with average prices exceeding the €2 barrier per liter, according to forecasts.