The Neilston petrol pump offering low prices to locals

  • 📰 BBCWestScot
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Its owner is vowing to keep his prices lower than big-name competitors despite making 'no money'.

John Robb says he has passed on to customers the "falling price" that he received from his supplier

Average petrol pump prices fell by nearly 9p in July to 182.69p per litre, while diesel fell by almost 7p to 192.38p per litre,However, the motoring group argues drivers are still paying too much at the pumps when compared with wholesale prices, which have fallen by 20p over the past eight weeks. It says petrol should be around 167p per litre.Mr Robb immediately cut his petrol and diesel prices in line with the latest weekly wholesale rate.

The strategy does have its benefits, however, with the Neilston firm seeing an increase in customers coming to its workshop. "You couldn't make a living from it. It's a no-return business. That's why there are so few sites left."Price cuts at petrol pumps have not kept pace with decreases in wholesale rates

"There is often a lag between wholesale prices dropping and a drop in prices at the pump. I expect we will see further price drops in petrol in forecourts over the next week or so of a further 5, 6 or even 7p a litre."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 85. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesco sets off fuel pump war after slashing petrol by 6.5p after Asda cut pricesTESCO cut petrol by 6.5p a litre and diesel by 4.5p yesterday after a long-awaited forecourt price war finally broke out at the supermarkets. Asda was first on Friday, cutting petrol by 5p per litr…
Source: TheSun - 🏆 64. / 61 Read more »

Petrol companies ‘keeping prices high despite falling wholesale costs’, warns RACPetrol companies have been accused of keeping prices high despite falling wholesale costs. The unacceptable bottom line is energy company's profit's have hugely risen while we plebs are being fleeced with massive increases causing the 'Cost of living crisis.' If cornerstones of Capitalism fail to exercise responsibility their freedoms will be lost: State price control. The whole fuel crisis is a SCAM Governments pouring money into UkraineRussianWar is funded through revenue. . I am shocked, shocked I tell you, that oil companies make such profits on the 35% they take from the price we pay at the pump But on the plus side, the Govt still gets 46% of the price we pay at the pump in fuel duty and VAT, so there's that, I suppose.... CostOfLivingCrisis
Source: LBCNews - 🏆 75. / 59 Read more »

Petrol prices drop 9p in a month but still 16p too high, say motoring groupsPetrol prices fell by an average of 9p per litre last month, according to the latest figures, with diesel dropping almost 7p.
Source: leponline - 🏆 50. / 63 Read more »

BP and UK supermarket chains urged to cut petrol prices\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. As if they will. So after they buy the petrol from the refiner, they should turn around and sell at a loss? 😂🤣😂🤣
Source: FT - 🏆 113. / 51 Read more »

BP and UK supermarket chains urged to cut petrol prices\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »