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Tesco cuts petrol by 3p per litre
Tesco cuts petrol by 3p per litre

Tesco cuts petrol by 3p per litre

tesco have just announced they will cut the cost of petrol by 3p per litre.
Let the supermarket price war begin

104 Comments

Is Diesel also coming down in price?

Does anyone know what tesco price is now for Diesel?

Last night it was 120.9 at my local Tesco Pump.

Original Poster

Rudki;3160758

Is Diesel also coming down in price?



would imagine Diesel included, but not 100% as it has just been announced.

Rudki;3160785

Last night it was 120.9 at my local Tesco Pump.


Ouch... Local Jet garage is 116.9 by me....

Banned

Why is diesel so much more expensive than petrol????

Banned

podd2000;3160878

Why is diesel so much more expensive than petrol????


different refining process, different mix of fuels and oils.

Prices here today (Morrisons store in town):

106.9 petrol
116.9 diesel.

Hopefully morrisons will match tesco, meaning It'll be 103.9 and 113.9. Getting back somewhere close to normality!

Well the price per barrel is very low at the moment, below $90... expect it to drop big time after about 6 weeks... if they pass the saving on!?

Fingers crossed petrol will be less than a quid in a couple more weeks if the supermarkets carry on at this rate!

podd2000;3160878

Why is diesel so much more expensive than petrol????



mainly to do with demand more than anything else. Few years ago diesel was only a penny or 2 more than petrol...

Hopefully Morrisons will announce a bigger cut. Oil price is now in the $70s/barrel and going down, down! We need to see prices go back into the 90p zone or we're still getting ripped off!

This will make Tesco only 3p more expensive than my local Morrisons now :whistling:

Banned

gram333uk;3160925

Well the price per barrel is very low at the moment, below $90... expect … Well the price per barrel is very low at the moment, below $90... expect it to drop big time after about 6 weeks... if they pass the saving on!?


Actually its nearer $70 now... but OPEC have scheduled a extraordinary meeting sometime in November, where they will probably cut production - however, as has proved in the past, although they like to think they are powerful, market forces control the prices, pretty much regardless of OPEC's production levels.

Good, but needs to keep dropping.......... and quickly.

Wowweeee - we must all be stupid. Petrol was about 70p a litre twelve months ago.
Makes me angry that the petrol companies blame the price of a barrel for increases but don't pass on the savings to us morons when it comes down again.

vibeone;3160980

Actually its nearer $70 now... but OPEC have scheduled a extraordinary … Actually its nearer $70 now... but OPEC have scheduled a extraordinary meeting sometime in November, where they will probably cut production - however, as has proved in the past, although they like to think they are powerful, market forces control the prices, pretty much regardless of OPEC's production levels.



Yes but OPEC members only account for 40% of the worlds suppliers :thumbsup:

With the global downturn now confirmed, the oil price should get down to at least 50$ a barrel.

The downside to this is that we won't have much money in our pockets to buy anyything!!

It's not all good news. Oil is priced in US dollars and the value of the pound againt the dollar has been sinking. £1 buys only $1.69 as I write. A few months ago it was $2.

Crude prices have dropped 41% in the past month but pump prices have only dropped by around 3-5%. I know the £ has dropped against the $ but petrol companies (and filling stations) are being deliuberately slow in catching up. Prices should already be less than £1.

BP station near my home (Western Road, Kilmarnock) was 102.9 last night, cheapest I've seen in ages. I think Tesco's 3p reduction is a bit of a con - if they were 3p cheaper than the other stations it would be a bargain but they aren't.

vibeone;3160980

Actually its nearer $70 now... but OPEC have scheduled a extraordinary … Actually its nearer $70 now... but OPEC have scheduled a extraordinary meeting sometime in November, where they will probably cut production - however, as has proved in the past, although they like to think they are powerful, market forces control the prices, pretty much regardless of OPEC's production levels.



Working on oil trades (hedging) and the price is sub $90 a barrel at the moment - not $70. Your comments are contradictary - the market is dependent as always on supply and demand and OPEC controls the vast majority of the supply to the market. So I think most folks would agree that OPEC is a pretty powerful and prices are influenced heavily by their production levels..... simple economics.

my local morrisons is £106.9
BP 102.9
Tesco 104.9

so BP is my cheapest and thats a first this is in Bletchley area of Milton Keynes. so to the person who said tesco is a bit of a con , i agree with ya , they just add alittle on and when thye reduce theres they are stilla few p more expensive , it goes with the 5p off a deal when u spend £50 in store(when they do it ) , there petrol is still 4p more than my local asda so realy u are only getting 1 p off

Where did the OP here this? Not seen anything yet in the press today?

Not saying its not true, just querying...

vibeone;3160903

different refining process, different mix of fuels and oils.Prices here … different refining process, different mix of fuels and oils.Prices here today (Morrisons store in town):106.9 petrol116.9 diesel.Hopefully morrisons will match tesco, meaning It'll be 103.9 and 113.9. Getting back somewhere close to normality!



:roll: :roll: - yeah right.....been fleeced more like....strange how diesel was always the cheaper fuel......

petrol should be 90p as oil prices have crashed - but drag it out a few months to shaft poor old british motorist......tantamount to theft...

Original Poster

timmyp23;3161239

Where did the OP here this? Not seen anything yet in the press today? … Where did the OP here this? Not seen anything yet in the press today? Not saying its not true, just querying...



sky news

Banned

charliedixiedean;3161032

Wowweeee - we must all be stupid. Petrol was about 70p a litre twelve … Wowweeee - we must all be stupid. Petrol was about 70p a litre twelve months ago.



What a load of absolute ********.

When will this actually be taking affect? Need to fill up but want to wait for this drop in price!

Banned

mikeyw;3161273

:roll: :roll: - yeah right.....been fleeced more like....strange how … :roll: :roll: - yeah right.....been fleeced more like....strange how diesel was always the cheaper fuel......


We've always been fleeced.... hence I said "normality" rather than "cheap"

Original Poster

JPS;3161320

When will this actually be taking affect? Need to fill up but want to … When will this actually be taking affect? Need to fill up but want to wait for this drop in price!



From today.

last week I was in Yeovil, ASDA was selling petrol for 105.9 cheapest I have in recent times. Filled the tank used my ASDA CC to pat which give another 2p/L off on the price so paid 103.9 a litre. Hope ESCO does this over the weekend. HEAT ADDED.

Tesco by me was 108.9 on wed and then 105.9 yesterday. Also had a 5p off voucvher so 100.9 Bargain.... NOT!

Please bring in those h20 cars then it will be free

podd2000;3160878

Why is diesel so much more expensive than petrol????



I thought diesel is cheaper to manufacture than petrol? I think demand is one thing, but the government slapped more tax on it a while back as they considered it to be a dirty fuel... Quite how this is so when I get on average 60MPG in my focus is beyond me, but there you go...

charliedixiedean;3161032

Wowweeee - we must all be stupid. Petrol was about 70p a litre twelve … Wowweeee - we must all be stupid. Petrol was about 70p a litre twelve months ago.Makes me angry that the petrol companies blame the price of a barrel for increases but don't pass on the savings to us morons when it comes down again.



It was 73.9p a litre 4 years a go when I passed my test, Been increasing gradually and then rapidly and now falling very slowly ever since. Somehow don't think it was 70p last year year..!!! If my memory serves me correctly it was mid 80's-96p a litre this time last year.

Original Poster

Sky news home page
The supermarket giant is the latest retailer to cut the cost of fuel.

Asda cut the price of petrol by 1p a litre last month and a host of other retailers also shaved their prices.

Motorists have complained for months that the price of petrol is too high with small firms and hauliers warning they are being driven out of business

The cut has been triggered by a fall in the price of oil.

Oil prices have fallen to their lowest level in a year.

Light, sweet crude for November delivery on New York Mercantile Exchange - the world's benchmark price - tumbled as low as $82 a barrel in early trading today.

That is the lowest price since mid-October last year.

Mounting fears of a global recession, which will weaken oil demand, have seen the price fall in recent days.

Nymex crude is now 44% cheaper than the 147-dollar high hit in July.

London November Brent futures also fell below 80 dollars a barrel.

Banned

charliedixiedean;3161032

Wowweeee - we must all be stupid. Petrol was about 70p a litre twelve … Wowweeee - we must all be stupid. Petrol was about 70p a litre twelve months ago.



Dont know where you live but its about 6 years since it was that price

speedlimit.org.uk/pet…tml

I work for national statistics office and have just looked at our database which shows the AVERAGE NATIONAL PRICE OF ALL FUEL for each month going back to 1989. The cheapest per the database is Jan 89 at 36.02p and last time it was near 70p was Feb 2002. I will see if I can copy and paste the database.

Banned

Orville;3161134

Crude prices have dropped 41% in the past month but pump prices have only … Crude prices have dropped 41% in the past month but pump prices have only dropped by around 3-5%. I know the £ has dropped against the $ but petrol companies (and filling stations) are being deliuberately slow in catching up. Prices should already be less than £1.



As a basic guide...

every $2 drop, should equate to a 1p drop in petrol price.

However, with the weak pound, this is probably no longer true.

Banned

mnazam;3161577

I work for national statistics office and have just looked at our … I work for national statistics office and have just looked at our database which shows the AVERAGE NATIONAL PRICE OF ALL FUEL for each month going back to 1989. The cheapest per the database is Jan 89 at 36.02p and last time it was near 70p was Feb 2002. I will see if I can copy and paste the database.


I'd be interested in seeing that

Anyone know how I can insert image that is not on URL?

i remember the times i paid 40 old pence for a litre when i first past my test , omg them was the days
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