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Tali · 05-06-2008, 19:03

Some ruthless petrol stations may implement a tax increase immediately following an announcement by the Chancellor, but not all.

I used to work in a supermarket garage and on the run up to the budget we would increase our wet stock (petrol and diesel) from around 2-3 days worth to keeping the tanks as full as possible. This meant that we could keep the price at the 'old' price for as long as possible.

If the price of the raw materials goes up then we would have to adjust the proces accordingly. Like wise if they went down.

Obviously, not all companies act like that and some will hike the price straight away, and keep prices high as long as possible when they drop to try and make a quick buck.

To the Retailers, there isn't actually that much profit in selling fuel. It's been a while since I worked in a garage, but most of the time fuel was seen as a loss leader and we would sell fuel at a lower price than that which we paid. I'm talking about the days when petrol was around the 50p-80p a litre mark.

05-06-2008, 19:03	#2
Tali cf.addict Join Date: Sep 2007 Location: West Mids Posts: 286	Re: Cheaper fuel on the way. Some ruthless petrol stations may implement a tax increase immediately following an announcement by the Chancellor, but not all. I used to work in a supermarket garage and on the run up to the budget we would increase our wet stock (petrol and diesel) from around 2-3 days worth to keeping the tanks as full as possible. This meant that we could keep the price at the 'old' price for as long as possible. If the price of the raw materials goes up then we would have to adjust the proces accordingly. Like wise if they went down. Obviously, not all companies act like that and some will hike the price straight away, and keep prices high as long as possible when they drop to try and make a quick buck. To the Retailers, there isn't actually that much profit in selling fuel. It's been a while since I worked in a garage, but most of the time fuel was seen as a loss leader and we would sell fuel at a lower price than that which we paid. I'm talking about the days when petrol was around the 50p-80p a litre mark.