Rounding up of petrol prices

NozzerMAc

Even though I am not mathematician.....I am sure I am being duped by Morrisons petrol

I bought 28.00 Litres of diesel on 15th Nov at a cost of 88.9p per litre

I make that 28 x 88.9 = 24.892..which obviously equalls 24.89 ... yet my reciept says £24.90.

Not obviosuly this is only part of 1 pence.... 0.8 to be exact...but I don't this is the issue here.... effectively I am paying more that the advertised price at the forecourt.

Surely this cannot be allowed !!!!

Comments ?

moob_2

I think they are allowed to round up at the pumps.

Wouldn't lose any sleep over 0.8p

myrnahaz

I wonder how many millions of pounds Morrisons make each year on those odd 'parts of pence'. Many, I'm sure.

santana-mx3

NozzerMAc wrote:

Not obviosuly this is only part of 1 pence.... 0.8 to be exact...but I don't this is the issue here.... effectively I am paying more that the advertised price at the forecourt.

Surely this cannot be allowed !!!!

I don't think this is really an issue and I',m sure they're allowed to round up. I take your point that you have technically paid slightly more than the advertised price per litre BUT, if you rounded it down, then you would be paying less than the advertised price.

If it had come to 24.895 or 24.899 would you have expected them to round up or down?

Any figure which can't be paid for using the currency we have is going to have some rounding up or down so it's just a case of who gains or loses. The difference is going to make less of an impact on us than it does on the petrol company (because of the relative quantities involved).

I wouldn't lose any sleep over this.

LucyPie

If you don't like the idea of tenths of a penny would you prefer Morrisons to charge 89p instead.

Glad

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Bambam

But why is petrol always advertised at 88.9p/91.3p or whatever? We don't have a .9p coin or .3p coin etc. Never really gave it much thought before.

Sooler

you may have got 28.0049 litres = 2489.63561p

uktim29

myrnahaz wrote:

I wonder how many millions of pounds Morrisons make each year on those odd 'parts of pence'. Many, I'm sure.

Well to make 1 million out of 0.8p being rounded up they'd need to do it 120 million times a year!

gyzmo

The Measuring Equipment (Liquid Fuel and Lubricants) Regulations 95 (subsequently amended) require that prices be rounded up to the nearest penny, as it is illegal to display or try to charge for part of a penny.

You will find that you wont be getting exactly what you pay for anyway, petrol pumps are usually slightly over or under in what they deliver.

superscaper

gyzmo wrote:

The Measuring Equipment (Liquid Fuel and Lubricants) Regulations 95 (subsequently amended) require that prices be rounded up to the nearest penny, as it is illegal to display or try to charge for part of a penny.

You will find that you wont be getting exactly what you pay for anyway, petrol pumps are usually slightly over or under in what they deliver.

You're best going getting petrol in cold weather or at night as well as you'll get more for your money due to the slight expansion under heat of the liquid. I'm not sure how much you can save but I believe it does end up having some significance over a year. Just noticed it's even mentioned in Martin's articles http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1136559784,69078