MSE News: Supermarkets to cut fuel prices ahead of the August bank holiday

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Drivers filling up at Asda, Sainsbury's and Tesco will see petrol prices fall by up to 2p/litre from tomorrow ...
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Supermarkets to cut fuel prices ahead of the August bank holiday

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  • Crabman
    Crabman Posts: 9,943 Forumite
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    Has anyone reclaimed costs from the cartel, where they've filled up in advance of the price "cut" announcement and thus overpaid?

    Perhaps MSE should publish a guide?
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    Crabman wrote: »
    Has anyone reclaimed costs from the cartel, where they've filled up in advance of the price "cut" announcement and thus overpaid?
    Why would any retailer refund the cost of an imminent price drop? Prices fluctuate on a daily basis. Why would customers be able to "reclaim"?
  • Crabman
    Crabman Posts: 9,943 Forumite
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    Why would any retailer refund the cost of an imminent price drop? Prices fluctuate on a daily basis. Why would customers be able to "reclaim"?

    If prices fluctuate on a daily basis, why do the retailers announce the price cut ahead of time? Why not simply cut the price as and when their own wholesale prices fluctuate? I don't recall seeing many press releases from fuel retailers when prices go up.

    Going by all the releases about price cuts, you'd expect the price of unleaded to be around 70p/litre by now. ;)
  • stampede
    stampede Posts: 240 Forumite
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    Crabman wrote: »

    Going by all the releases about price cuts, you'd expect the price of unleaded to be around 70p/litre by now. ;)

    I disagree, they'd be paying you to take it off their hands.:rotfl:
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    Crabman wrote: »
    If prices fluctuate on a daily basis, why do the retailers announce the price cut ahead of time?
    Clearly because they want to attract extra custom. It's up to the competitors to then match (or beat) the price cut.

    Quite often there is a drop in the price of crude oil which is not mirrored in the price of petrol at the pumps. That's just the way the business is conducted.

    This doesn't mean anyone who paid the original price can (or should) be able to "reclaim" the difference!:eek:
  • Pincher
    Pincher Posts: 6,552 Forumite
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    The thing about speculation is, when they are all buying, the price goes up much higher than if it was based on supply and demand, and much lower if the speculators are dumping their contracts when they try to back out because shale gas is coming.


    I look forward to the day when Goldman Sachs partners are jumping out of buildings, and we get 70p a litre petrol.
  • PenguinJim
    PenguinJim Posts: 844 Forumite
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    In my country it's 69p per litre for '95 Unleaded. And yes, we complain about petrol prices. ;)
    Q: What kind of discussions aren't allowed?
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  • Totality
    Totality Posts: 1,909 Forumite
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    Ah, it's that time of the month already...
  • kandatoo
    kandatoo Posts: 17 Forumite
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    PenguinJim wrote: »
    In my country it's 69p per litre for '95 Unleaded. And yes, we complain about petrol prices. ;)

    Where's that, if you don't mind me asking?
  • JC_Derby
    JC_Derby Posts: 808 Forumite
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    Didn't Morrisons, not reduce their prices last time either?
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