MSE News: Asda, Morrisons and Tesco to cut petrol prices

Former_MSE_Helen

Motorists filling up at Asda, Morrisons and Tesco will see petrol and diesel prices cut by up to 2p/litre...

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Asda, Morrisons and Tesco to cut petrol prices




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bod1467

This story comes round every few weeks. They cut the price for a few days, then it creeps back up to what it previously was (or even higher), then they announce a price cut ...

And repeat.....

DigForVictory

Heh - for once I have an almost empty tank & the information In The Right Order!

redux

However, the forthcoming price drops don't necessarily mean these
supermarkets are the cheapest fuel providers.

Indeed not, and most of the time around here there are 6 or 7 non supermarkets in the cheapest 10.

torbrex

of course they are :mad:

I held off filling my tank until I was just about running the car on vapour but finally gave in yesterday and filled up, I wish I'd gone to the bookies and put money on the price being cut this weekend

OddballJamie

bod1467 wrote: »

This story comes round every few weeks. They cut the price for a few days, then it creeps back up to what it previously was (or even higher), then they announce a price cut ...

And repeat.....

Certainly looks like it's going in the right direction and I haven't seen any rises at my local Asda for couple of months.

13/10/14
As Asda sets a national price cap across its 232 forecourts, drivers will pay no more than 126.7p/litre for diesel and no more than 123.7p/litre for unleaded.

6/11/14
As Asda sets a national price cap across its 240 forecourts, drivers will pay no more than 123.7p/litre for diesel and no more than 119.7p/litre for unleaded.

28/11/14
Unlike other supermarkets, Asda sets a national price cap across its 245 forecourts. So the price cuts means drivers will pay no more than 121.7p/litre for diesel and no more than 117.7p/litre for unleaded at Asda.

davidgmmafan

I agree with the above. This grip was true a while ago, when it was very tedious with tiny price cuts but the price remaning stubbornly around £1.30 a litre.

Still with 60% (ish) of the price being tax (not forgetting the tax on tax!!!) it will even out at some point.

Anyone care to explain why the theory that you raise less in tax the higher the tax rate doesn't apply to fuel or alcohol

Totality

Groundhog Day...

OddballJamie

Totality wrote: »

Groundhog Day...

Cheapest it's been for four years. So more Groundhog Leap Year.

bod1467

OddballJamie wrote: »

Certainly looks like it's going in the right direction and I haven't seen any rises at my local Asda for couple of months.

13/10/14
As Asda sets a national price cap across its 232 forecourts, drivers will pay no more than 126.7p/litre for diesel and no more than 123.7p/litre for unleaded.

6/11/14
As Asda sets a national price cap across its 240 forecourts, drivers will pay no more than 123.7p/litre for diesel and no more than 119.7p/litre for unleaded.

28/11/14
Unlike other supermarkets, Asda sets a national price cap across its 245 forecourts. So the price cuts means drivers will pay no more than 121.7p/litre for diesel and no more than 117.7p/litre for unleaded at Asda.

Price today at my nearest Adsa (Larkhall) ... 123.7 for diesel.

http://storelocator.asda.com/store/larkhall

ashleyriot

davidgmmafan wrote: »

Anyone care to explain why the theory that you raise less in tax the higher the tax rate doesn't apply to fuel or alcohol

http://en.wikipedia.org/wiki/Price_elasticity_of_demand#Determinants

Specifically, neccessity:

"Necessity: the more necessary a good is, the lower the elasticity, as people will attempt to buy it no matter the price, such as the case of insulin for those who need it."


I don't think alcohol is inelastic as you can always downshift a brand in the supermarket (or stop buying it).

Petrol and to an extent, tobacco, are inelastic though.