Tesco Superstore Chineham (Basingstoke) Petrol Unleaded 99.9P
Tesco this afternoon said it would cut unleaded to 99.9p at all of its 500 petrol filling stations.
- goldy12
Top comments
bruceboy to MojoMan0427
11 Dec 154#8
You do realise that they are running a business! To make money! You have a choice of where you shop! WTF. Why should they save you from being a lazy fecker? This something for nothing mentality is unreal.
All comments (35)
goldy12
11 Dec 152#1
Tesco this afternoon said it would cut unleaded to 99.9p at all of its 500 petrol filling stations.
masekwm to goldy12
11 Dec 15#14
They said this before and ours didn't change
techprofessional
11 Dec 15#2
how much is diesel?
goldy12 to techprofessional
11 Dec 15#4
Asda are 101.7 for Diesel, don't think the others have committed and said the price on their Diesel
matty9815 to techprofessional
11 Dec 15#13
My local said 99.9 for petrol and 106.9 for diesel! Diesel being cheaper than petrol was a very short lived affair!!
MojoMan0427
11 Dec 152#3
Just goes to show how easily they could save customers money, instead of screwing them for every penny.
bruceboy to MojoMan0427
11 Dec 154#8
You do realise that they are running a business! To make money! You have a choice of where you shop! WTF. Why should they save you from being a lazy fecker? This something for nothing mentality is unreal.
nomnomnomnom to MojoMan0427
11 Dec 152#10
Given that the price of oil fluctuates, and that petrol stations are quite low in profitability, I'm not really sure what you're getting at?
WonderWoman to MojoMan0427
11 Dec 152#15
Many of Tescos' petrol forecourts are known 'loss leaders'. They sell the petrol at cost/very little profit, and are there to pull customers into the nearby store and spend money in there - that's where the real profits are!
sjs31
11 Dec 15#5
Still 103.7p for unleaded and 106.7p for diesel about an hour ago at the Bidston store. I'll wait a little longer before re-fueling!
t rex
11 Dec 15#6
Changed lunchtime 99.9 unleaded and 102.9 diesel Tesco in Norwich:)
coco_cool
11 Dec 151#7
Same price at Tesco Bromley by Bow, East London.
Tomtoon2012
11 Dec 15#9
99.9p (5p drop) for petrol and £1.05 for diesel in Dunstable. Can't see the diesel price staying that high for long!
sapphire1
11 Dec 15#11
just filled up petrol at my local Tesco, still 102.9p per litre
5KYL1N3
11 Dec 15#12
99.9p at my local, lovely.
MojoMan0427
11 Dec 151#16
Oh god, here are the economics experts.
Theyve just taken at least 4p off a litre...just like that.
It's a scam ring fleecing the public. Wake up.
dck
11 Dec 152#17
The price of oil does fluntuate - in fact a barrel has fallen by over 10% in the last week alone.
And if selling fuel provides such a low return, how come six of the world's 10 largest companies just happen to be oil corporations?
Petrol 0.02 a litre in Venezuela ..cold .. Sorry excuse my ignorance that was in $ US
androoski
11 Dec 15#20
20% of the cost of fuel is VAT
and £0.58 of every litre is fuel duty paid to our government.
So you are paying less than 40p for your litre, the rest of the money is just tax.
So a 4p drop in price is 10%.
How much did dck say the price of oil had dropped in post #17?
Factor in the cost of refining the oil (mostly electricity) and everything looks a bit more reasonable.
dck to androoski
11 Dec 15#27
So basically you say we pay 40p a litre (after duty/VAT is excluded) and that seems reasonable to you. I think we need to do some basic arithmetic.
A barrel of oil costs $35.29 and contains 159 litres ($0.22 or 14.5p/L).
I know you lose a couple percent in refining the oil and delivery costs need to be included, but being generous that's not going to add more than 5p/L to the cost.
That leaves over 20p/L profit to the retailer. The average fill-up is 50L, so that's £10 profit before staff costs and other overheads are included.
That's not quite my definition of a "loss-leader".
beaniebowen
11 Dec 15#21
Just filled up yesterday. Damn could have saved 2p per litre!!!???
andykapa
11 Dec 15#22
plodging to andykapa
11 Dec 151#23
The emissions out of that is a whole different problem
This isn't anything new and is the same in the US and the UK. Supermarkets are really starting to dominate the UK now though with fuel sales. Independents are tiny.
For supermarkets, fuel is just another way to get people there. Yes - they make a profit, but on their own they offer very little to the big supermarket chains.
plodging
11 Dec 151#25
Nice to see the price falling . I for one will be filling up spare containers and storing it in the back bedroom , for when the price goes up.
nightyard to plodging
11 Dec 15#26
Very very stupid idea. Extremely risky.
Good luck with your home insurance if you set your place on fire from it.
Also above 30 litres you need to inform the authorities
plodging
11 Dec 15#28
Yeah suppose I should have learnt my lesson last year with the bulk fireworks and 5000 packs of firelighters .
deany76
11 Dec 15#29
I thought apple were the largest company obviously not.
szippancs
11 Dec 15#30
I'll vote hot when diesel will be 99.9p
drovid
12 Dec 15#31
The worst fuel only at supermarkets.
bruceboy to drovid
12 Dec 15#32
Yawn.
MayorWest
12 Dec 15#33
"Something for nothing mentality"
Yawn. You sound like a Tory. You're going to start fabricating death threats soon aren't you...
wpj
12 Dec 15#34
Lose a few %- don't be daft! Only a small portion of the barrel is the "octane" fraction which petrol comes from and the higher boiling, diesel, fraction. The rest is fuel oil, kerosene (aircraft fuel), separate fractions for use in chemical processing and most importantly, bitumen for filling the pot holes. Most of these are much lower value products.
JoolsG4
13 Dec 151#35
Apple are the largest company in terms of market capitalisation i.e. the total value of all their shares. They are not the largest in terms of revenue i.e. how much money they make.
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Opening post
Tesco this afternoon said it would cut unleaded to 99.9p at all of its 500 petrol filling stations.
- goldy12
Top comments
All comments (35)
Theyve just taken at least 4p off a litre...just like that.
It's a scam ring fleecing the public. Wake up.
And if selling fuel provides such a low return, how come six of the world's 10 largest companies just happen to be oil corporations?
https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue
and £0.58 of every litre is fuel duty paid to our government.
So you are paying less than 40p for your litre, the rest of the money is just tax.
So a 4p drop in price is 10%.
How much did dck say the price of oil had dropped in post #17?
Factor in the cost of refining the oil (mostly electricity) and everything looks a bit more reasonable.
A barrel of oil costs $35.29 and contains 159 litres ($0.22 or 14.5p/L).
I know you lose a couple percent in refining the oil and delivery costs need to be included, but being generous that's not going to add more than 5p/L to the cost.
That leaves over 20p/L profit to the retailer. The average fill-up is 50L, so that's £10 profit before staff costs and other overheads are included.
That's not quite my definition of a "loss-leader".
The *petrol station* sees fairly minimal profit. It's not uncommon they make more off other items (sandwiches, drinks etc.) than the actual fuel.
See : http://www.shropshirestar.com/shropshire-business/2013/04/16/tiny-fuel-profits-put-pressure-on-oswestry-business/ & http://news.bbc.co.uk/1/hi/magazine/7306967.stm
This isn't anything new and is the same in the US and the UK. Supermarkets are really starting to dominate the UK now though with fuel sales. Independents are tiny.
For supermarkets, fuel is just another way to get people there. Yes - they make a profit, but on their own they offer very little to the big supermarket chains.
Good luck with your home insurance if you set your place on fire from it.
Also above 30 litres you need to inform the authorities
Yawn. You sound like a Tory. You're going to start fabricating death threats soon aren't you...
https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization#2015