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Old 3rd July 2021, 21:40   #11
Robson Rover Repair
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They are making money on your interest.

Think about it, if they held £40 from every £100 sale across the UK.

Currently its accepted that base daily interest in the UK is 0.1%

So that £60 spent makes them 40p.

Or if you only buy £10 then that makes 90p

So that sounds like about nothing right?

UK average is about 17000 litres of petrol & diesel a day

UK GOV figures for my statements

So let's say a Tesco sells 17000 litres per station a day.....

And they pull £100 each time....

That's £1.7 million quid. And if they return even 90% of that as they where all £10 sales each time as an example, they will have still managed to make 0.1 of £153,000 purely on interest alone. Per station. Per day.

That folks, is disgusting. They have over 600 UK stations.
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Old 6th July 2021, 19:35   #12
PMAN01
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Quote:
Originally Posted by COLVERT View Post
They make interest on your money that they hold.---
Not much interest; shocking rates these days!
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Old 7th July 2021, 07:04   #13
Lancpudn
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They'll be raising that limit again if the price of the stuff is anything to go by https://www.fleetnews.co.uk/news/car...ight-year-high
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Old 7th July 2021, 23:10   #14
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This is very common in France. It's 150 euros if I remember correctly
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Old 8th July 2021, 04:37   #15
Les4048
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It’s not only supermarkets that are at it. The Esso app on smart phones does the same. I’ve not noticed how long it takes to sort itself out but it’s £100 every time you pay
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Old 8th July 2021, 14:03   #16
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Quote:
Originally Posted by SCP440 View Post
I would only use Supermarket petrol as a last resort. I have heard so many people who have used and ended up regretting it, its just not worth the risk.
In what way, Steve.

Kev
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