Meeke, who triumphed at this third round of the FIA World Rally Championship in dramatic circumstances in 2017, topped the times through the 5.31km Llano Grande test in his Citroën C3 by 0.4sec.
Between them, the pair have won the last 14 WRC titles, with Loeb, 44, claiming nine in a row between 2004 and his full-time WRC retirement in 2012 and 34-year-old Ogier collecting the five since.
Sébastien Loeb has given the thumbs up to suspension modifications Citroen Racing has made to its C3 WRC, saying the latest gravel set-up inspired confidence.
Rally Sweden's signature test, Vargåsen was in tip-top condition this year and highlighted the unique appeal of this rally brilliantly. Run twice on Saturday, a fresh dusting of snow created a perfect winter scene, while the flat out section near the start and a series of corners and crests deep in the forest made it a favourite with drivers.
Hayden Paddon and Seb Marshall enjoyed a generally positive weekend at Rally Sweden. A minor mistake had major consequences for Kiwi rally driving star Hayden Paddon as he faded to fifth in his first event of the 2018 FIA world championship season.
Kiwi Hayden Paddon posted the seventh fastest time in the opening stage of Rally Sweden on Friday morning. The Hyundai factory driver was 2.1s slower than stage winner Ott Tanak's Toyota Yaris over the short, 1.9km city test.
Our very own Hayden Paddon is back in action in the World Rally Championship this weekend at Rally Sweden. As motorsport fans are well aware, Paddon is only contesting seven rounds of the WRC in 2018.
Toyota Gazoo Racing know that motorsports provides the experience and know-how to build ever-better cars, an ethos that has helped deliver a series of sports-focused road-going cars, including the new Yaris GRMN – the first GRMN model to be built and sold in Europe.