Asda diesel no more than £1.29.7 unleaded no more than £1.26.7 per litre from tomorrow - HotUKDeals
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Asda have just tweeted money off their fuel as from tomorrow.

https://twitter.com/asda/status/493693937983713281

Great news - we're cutting #fuelprices by up to 2ppl! From tomorrow you'll pay no more than 126.7ppl for unleaded or 129.7ppl for diesel!
More From Asda:

Top Comments

(3)
21 Likes
Anyway thanks OP, this morning I made the mistake of filling up next year.
http://img-2013.tapatalk.com/d/13/09/05/thumbnail/u2ysyzu4.jpg
17 Likes
Before the branded fuel vs supermarket fuel debate kicks off.

Remember that when supermarkets drop the fuel price, local branded fuel stations usually follow suit to remain competitive.

So whether you buy your fuel as Asda or not, a drop in price helps out.
6 Likes
Georgedeals
I'm an Arab sheik, at this rate the fuel price is going Ill have to get of a few wives

Had the potential to be funny if you didn't make a load of mistakes.

All Comments

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17 Likes #1
Before the branded fuel vs supermarket fuel debate kicks off.

Remember that when supermarkets drop the fuel price, local branded fuel stations usually follow suit to remain competitive.

So whether you buy your fuel as Asda or not, a drop in price helps out.
#2
inb4 supermarket fuel is worse quality :)
[helper]#3
It's great to hear of a price cut, it really is. But let's just remember that Asda were charging 90.0p for petrol and 105.9p for diesel less than 6 years ago :(
#4
Ta for adding the pic.

:)
4 Likes #5
JPS
It's great to hear of a price cut, it really is. But let's just remember that Asda were charging 90.0p for petrol and 105.9p for diesel less than 6 years ago :(

VAT was 25% less back then coupled with a global recession and an invasion of an oil rich country. ;)

Barrel price was also a fair bit lower too.
http://www.tititudorancea.com/lib/fx/oil_brent_weekly_alldata566.png


Edited By: oddballjamie on Jul 28, 2014 11:15
#6
im sure sainsburys tesco etc will follow suit,good old asda keeping fuel prices down,if asda never cut prices im sure tesco etc wouldnt!!
1 Like #7
they all take it in turns to drop the price, asda arent moral bastions of decency!
#8
Although in Pounds Sterling terms the price of a barrel of oil is quite low at the moment compared to the last couple of years as the Pound is having a good run on the currency markets.

107$ a barrel divided by 1.698 is about 63.00 GBP a barrel. Looking at that graph, when oil was $140 a barrel I remember unleaded being 1.20 at the pumps. So it was cheaper then but with a much higher cost of oil. I know we've had some duty added since then but that doesn't account for all of the current high price at the pumps.
2 Likes #9
Hickster
Although in Pounds Sterling terms the price of a barrel of oil is quite low at the moment compared to the last couple of years as the Pound is having a good run on the currency markets.

107$ a barrel divided by 1.698 is about 63.00 GBP a barrel. Looking at that graph, when oil was $140 a barrel I remember unleaded being 1.20 at the pumps. So it was cheaper then but with a much higher cost of oil. I know we've had some duty added since then but that doesn't account for all of the current high price at the pumps.

Taking currency into consideration, back when the barrel was that high, the exchange rate was around $2 to £1.
Say £70 a barrel, VAT at 15%, lower duty, also wages, refining and transportation costs lower (due to inflation), there's probably not a lot in it overall.

This is a more accurate graph for the UK market.
http://i58.tinypic.com/10d877l.jpg

Edited By: oddballjamie on Jul 28, 2014 11:43: piccy
21 Likes #10
Anyway thanks OP, this morning I made the mistake of filling up next year.
http://img-2013.tapatalk.com/d/13/09/05/thumbnail/u2ysyzu4.jpg
1 Like #11
When I was in spain recently fuel prices were 1 euro 13 cents which is under a £1 so why do we pay more? I always got better miles on asda petrol vs shell in my fiesta but when I got the polo it drank the asds fuel & it drove like poop. My nice little aygo doesnt care and I can get 400 miles to a tank of asda fuel so the savings are great.
2 Likes #12
tipsy1973
When I was in spain recently fuel prices were 1 euro 13 cents which is under a £1 so why do we pay more? I always got better miles on asda petrol vs shell in my fiesta but when I got the polo it drank the asds fuel & it drove like poop. My nice little aygo doesnt care and I can get 400 miles to a tank of asda fuel so the savings are great.

Would that be the Canaries? As that sounds far too cheap for mainland Spain.
#13
oddballjamie
Remember that when supermarkets drop the fuel price, local branded fuel stations usually follow suit to remain competitive.
Not in MK... Saturday Asda unleaded 128.7, Tesco 129.9, Morrison 130.9, Shell 130.9-131.9, BP 132.9... So much for the competition...
#14
oddballjamie
tipsy1973
When I was in spain recently fuel prices were 1 euro 13 cents which is under a £1 so why do we pay more? I always got better miles on asda petrol vs shell in my fiesta but when I got the polo it drank the asds fuel & it drove like poop. My nice little aygo doesnt care and I can get 400 miles to a tank of asda fuel so the savings are great.

Would that be the Canaries? As that sounds far too cheap for mainland Spain.

Lanzarote 3 weeks ago
1 Like #15
tipsy1973
oddballjamie
tipsy1973
When I was in spain recently fuel prices were 1 euro 13 cents which is under a £1 so why do we pay more? I always got better miles on asda petrol vs shell in my fiesta but when I got the polo it drank the asds fuel & it drove like poop. My nice little aygo doesnt care and I can get 400 miles to a tank of asda fuel so the savings are great.

Would that be the Canaries? As that sounds far too cheap for mainland Spain.

Lanzarote 3 weeks ago

Thought as much, I was there last month. It's the low tax on the Canaries that brings the price down.
#16
tipsy1973
When I was in spain recently fuel prices were 1 euro 13 cents which is under a £1 so why do we pay more? I always got better miles on asda petrol vs shell in my fiesta but when I got the polo it drank the asds fuel & it drove like poop. My nice little aygo doesnt care and I can get 400 miles to a tank of asda fuel so the savings are great.
it works out that the shops pay 69p per litre and then the government charge 50p per litre so overall costs to shop is 1.19p per litre and then the rest is profit and most claim they only get 2p profit which is bull.that is why it is dearer here.subject to inflation on the stock market on the day they get the fuel so give or take 5p
#17
jynx88
tipsy1973
When I was in spain recently fuel prices were 1 euro 13 cents which is under a £1 so why do we pay more? I always got better miles on asda petrol vs shell in my fiesta but when I got the polo it drank the asds fuel & it drove like poop. My nice little aygo doesnt care and I can get 400 miles to a tank of asda fuel so the savings are great.
it works out that the shops pay 69p per litre and then the government charge 50p per litre so overall costs to shop is 1.19p per litre and then the rest is profit and most claim they only get 2p profit which is bull.that is why it is dearer here.subject to inflation on the stock market on the day they get the fuel so give or take 5p

I don't believe those figures are correct, as the duty alone on a litre of petrol is 58p and then there's VAT on top.
At £1.27 a litre the government gets about 79p in total.
#18
oddballjamie
jynx88
tipsy1973
When I was in spain recently fuel prices were 1 euro 13 cents which is under a £1 so why do we pay more? I always got better miles on asda petrol vs shell in my fiesta but when I got the polo it drank the asds fuel & it drove like poop. My nice little aygo doesnt care and I can get 400 miles to a tank of asda fuel so the savings are great.
it works out that the shops pay 69p per litre and then the government charge 50p per litre so overall costs to shop is 1.19p per litre and then the rest is profit and most claim they only get 2p profit which is bull.that is why it is dearer here.subject to inflation on the stock market on the day they get the fuel so give or take 5p
well that is the figures i seen as the were all over my local shops and they were trying to get people to sign a partition to get the government to support local shops not big chains.

I don't believe those figures are correct, as the duty alone on a litre of petrol is 58p and then there's VAT on top.
At £1.27 a litre the government gets about 79p in total.
#19
jynx88
oddballjamie
jynx88
tipsy1973
When I was in spain recently fuel prices were 1 euro 13 cents which is under a £1 so why do we pay more? I always got better miles on asda petrol vs shell in my fiesta but when I got the polo it drank the asds fuel & it drove like poop. My nice little aygo doesnt care and I can get 400 miles to a tank of asda fuel so the savings are great.
it works out that the shops pay 69p per litre and then the government charge 50p per litre so overall costs to shop is 1.19p per litre and then the rest is profit and most claim they only get 2p profit which is bull.that is why it is dearer here.subject to inflation on the stock market on the day they get the fuel so give or take 5p
well that is the figures i seen as the were all over my local shops and they were trying to get people to sign a partition to get the government to support local shops not big chains.

I don't believe those figures are correct, as the duty alone on a litre of petrol is 58p and then there's VAT on top.
At £1.27 a litre the government gets about 79p in total.

Either you're remembered the figures incorrectly or the petition was wrong.
The exact amount is £0.5795 per litre - source HMRC

VAT is at 20% which at £1.27 a litre equates to about 21p.

It's a bit out of date with the prices, but have a read of this - http://www.petrolprices.com/the-price-of-fuel.html

Edited By: oddballjamie on Jul 28, 2014 13:43
#20
Good to know, I need to fill up as well!
banned 1 Like #21
Hickster
Although in Pounds Sterling terms the price of a barrel of oil is quite low at the moment compared to the last couple of years as the Pound is having a good run on the currency markets.

107$ a barrel divided by 1.698 is about 63.00 GBP a barrel. Looking at that graph, when oil was $140 a barrel I remember unleaded being 1.20 at the pumps. So it was cheaper then but with a much higher cost of oil. I know we've had some duty added since then but that doesn't account for all of the current high price at the pumps.





They all work together in tandem to sell at the highest price possible to maximise profit. Fuel is one thing that as consumers we will always need so retailers take full advantage of this.

If it was raised to 2.50 ish a litre tomorrow by all retailers then we would have no choice but to pay it.

Fuel pricing is driven by corporate greed and random fluctuations. If somebody farts in the middle East then somebody somewhere changes oil price and it ripples through to the retailers.

Doesn't help that such a massive chunk is made up of tax to the government.
1 Like #22
oddballjamie
jynx88
oddballjamie
jynx88
tipsy1973
When I was in spain recently fuel prices were 1 euro 13 cents which is under a £1 so why do we pay more? I always got better miles on asda petrol vs shell in my fiesta but when I got the polo it drank the asds fuel & it drove like poop. My nice little aygo doesnt care and I can get 400 miles to a tank of asda fuel so the savings are great.
it works out that the shops pay 69p per litre and then the government charge 50p per litre so overall costs to shop is 1.19p per litre and then the rest is profit and most claim they only get 2p profit which is bull.that is why it is dearer here.subject to inflation on the stock market on the day they get the fuel so give or take 5p
well that is the figures i seen as the were all over my local shops and they were trying to get people to sign a partition to get the government to support local shops not big chains.

I don't believe those figures are correct, as the duty alone on a litre of petrol is 58p and then there's VAT on top.
At £1.27 a litre the government gets about 79p in total.

Either you're remembered the figures incorrectly or the petition was wrong.
The exact amount is £0.5795 per litre - source HMRC

VAT is at 20% which at £1.27 a litre equates to about 21p.

It's a bit out of date with the prices, but have a read of this - http://www.petrolprices.com/the-price-of-fuel.html
cheers for info will have a look.
1 Like #23
lolyehright
Hickster
Although in Pounds Sterling terms the price of a barrel of oil is quite low at the moment compared to the last couple of years as the Pound is having a good run on the currency markets.

107$ a barrel divided by 1.698 is about 63.00 GBP a barrel. Looking at that graph, when oil was $140 a barrel I remember unleaded being 1.20 at the pumps. So it was cheaper then but with a much higher cost of oil. I know we've had some duty added since then but that doesn't account for all of the current high price at the pumps.




They all work together in tandem to sell at the highest price possible to maximise profit. Fuel is one thing that as consumers we will always need so retailers take full advantage of this.

If it was raised to 2.50 ish a litre tomorrow by all retailers then we would have no choice but to pay it.

Fuel pricing is driven by corporate greed and random fluctuations. If somebody farts in the middle East then somebody somewhere changes oil price and it ripples through to the retailers.

Doesn't help that such a massive chunk is made up of tax to the government.

Hold the front page, petrol is expensive. Well I've been driving over 20 years and it has always been "expensive", even when it was 44p per litre bizarrely enough everyone thought it was expensive then. It must be something to do with human nature, but I don't really understand it.
It's actually a pretty competitive market, fluctuations of a few pence per litre depending on area is all down to local competition. The global oil market is fiercely competitive, I use heating oil at home(kerosene) and have a huge choice of suppliers, the price moves daily. Compared to being ripped off by the gas companies who fix their price per kwh for months at a time despite daily fluctuations in gas prices, it's pretty competitive imo.


Edited By: SFconvert on Jul 28, 2014 14:20
1 Like #24
I'm an Arab sheik, at this rate the fuel price is going Ill have to get of a few wives
#25
We'll see how long this price cut lasts before they increase them again,the last price drop lasted all of 2 weeks
#26
lol, fill her up guv!
#27
I add 2 stroke oil to the diesel so don't need the additives you get in the "premium" garages, so cheers OP, driving to Spain on Friday so this will give me a good start.
#28
I thought diesel prices always tended to drop when the weather was warmer - something to do with less demand for heating oil ?
#29
Morrisons is now more than the local garages by me, Supermarkets no longer offer the cheapest Petrol, I've noticed.
6 Likes #30
Georgedeals
I'm an Arab sheik, at this rate the fuel price is going Ill have to get of a few wives

Had the potential to be funny if you didn't make a load of mistakes.
2 Likes #31
Roll up for your bargain. Diesel 131.7p, then we knock 2p off, let it creep back to 131.7p over the space of 2 weeks and then knock it down again (and repeat) - all with no significant movement in crude or currency. If the price of TVs in Currys fluctuated like this, we'd think they were taking the mick! Non deal gets heat again. My local Tesco/Esso has been 128.9p for a few months now.
#32
Shame they knocked Asda Wolstanton's petrol station down!
#33
plane_boy2000
I thought diesel prices always tended to drop when the weather was warmer - something to do with less demand for heating oil ?

That stopped about 3 years ago. Used to be 2p gap between petrol and diesel in the summer and 4p in the winter. Now they try to get a 4-6p gap all the time.
1 Like #34
Happy days, this will save me a few pence.
Seriously pi&%ed off with the cost of fuel tax, I pay £500 a year road tax, and then they want over half of the price of fuel in yet MORE bloody tax, and what for? the roads are full of pot holes, and when they resurface a road, the job is so bad I get bit's of stone and tar stuck to my car, useless.

210 miles to a full tank can get a bit pricey though, so the 2p/ltr , 50 ltr tank = a £1 saving, huzzah :)
#35
Cheers.
#36
monkeyhanger75
Roll up for your bargain. Diesel 131.7p, then we knock 2p off, let it creep back to 131.7p over the space of 2 weeks and then knock it down again (and repeat) - all with no significant movement in crude or currency. If the price of TVs in Currys fluctuated like this, we'd think they were taking the mick! Non deal gets heat again. My local Tesco/Esso has been 128.9p for a few months now.


Non deal? Our diesel at Asda is 131.7 now, tomorrow it will be cheaper, even if it's only for a day then it's a deal. I don't like that it seems to creep back up within a week or two either, but tomorrow it will be cheaper.
1 Like #37
What's this nonsense that petrol is expensive? I just paid £1.20 for 500ml of Coke, and that doesn't run my car! Petrol is cheap. It's cheaper than water in some places.
#39
JPS
It's great to hear of a price cut, it really is. But let's just remember that Asda were charging 90.0p for petrol and 105.9p for diesel less than 6 years ago :(

But they were also probably cheaper than everyone else back then
1 Like #40
In store only? Cold...

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