Cheapest U98 Fuel Prices around Cheltenham, VIC Today

The cheapest U98 around Cheltenham, VIC is 178.70 cents per litre at Costco Moorabbin (Members only), 8 Chifley Drive, Moorabbin, 3194.

Based on the past 4 weeks, Thursdays tend to have the cheapest U98 prices around Cheltenham, averaging 180.70 c/L. Sundays tend to be the most expensive at 188.10 c/L – a difference of 7.4 cents.

FuelTrack tracks prices at 27 stations selling U98 around Cheltenham, VIC. The area has 7 fuel types available, including LPG, U91, E10, Premium Diesel.

There are 11 fuel brands around Cheltenham including Costco, Independent, United, Shell, U-Go, BP, Liberty, Ampol. Compare prices across all brands to find the cheapest fuel.

Fuel excise is the federal tax built into the price of every litre of petrol and diesel. It normally rises twice a year in line with inflation, and in early 2026 it sat at 52.6 cents a litre. When conflict in the Middle East pushed oil prices higher, the government brought in cost-of-living relief: from 1 April it roughly halved the excise, taking about 32 cents a litre off the bowser price. On 20 June that relief was extended into July but tapered to a 16 cent cut, lifting the excise to 36.6 cents, so pump prices rose at the start of July. The reduced rate runs until 2 August. From 3 August the full 52.6 cent excise returns, and because GST is charged on top of it, that's expected to add about 18 cents a litre at the pump, or roughly $9 on a 50-litre tank, unless retailers absorb part of the increase. A routine inflation adjustment in early August nudges the rate a little higher again.