Tesco gas station sells fuel for 52.95 pa liter – unfortunately it’s just a toy

British motorists will wish they had lived in Toy Town after a plastic petrol station for children was spotted selling fuel for far less than adults pay in real life. The Tesco Extra petrol station is on the shelves for £15 and is a stark reminder of soaring petrol prices for motorists.

Filling up small cars pays just 52.95p per liter while data firm Experian said the average price of a liter of petrol on UK forecourts hit a new high of 191.1p on Sunday.

One driver, who did not want to be named, said: “I must have laughed when I saw this toy petrol station. Priced at 53p a liter – wish it was that low.

“Let’s assume it’s because children’s toys don’t have a tax. That’s the price fuel should be, not nearly £2 a liter as it is at the petrol station in the outside.”

Tesco has been approached for comment.

Tesco sells toy gas station showing prices well below current rates

Fuel retailers were today accused of a ‘classic example of rocket and feather pricing’ as the cost of petrol hit a new record high.

The RAC said deep cuts in wholesale gasoline costs mean companies have a “clear opportunity” to stop continually raising prices at the pump. Experian said diesel prices hit a record high of 199.1 pence per liter on Saturday, before falling slightly to 198.9 pence per liter a day later.

The Competition and Markets Authority launched a “short and focused review” of fuel prices earlier this month after a request from Business Secretary Kwasi Kwarteng.

The rocket-and-feather price concept for fuel implies that retailers quickly raise prices at the pump when the cost of oil rises, but are slow to pass on the benefits of lower oil prices. RAC fuel spokesman Simon Williams said: ‘We struggle to see how retailers can justify continuing to raise their unleaded prices as the wholesale cost of petrol has come down significantly.

“This is unfortunately a classic example of rocket and feather pricing in action, and which the Competition and Markets Authority will no doubt be looking very closely at. It seems retailers are making things worse for them themselves by not lowering their prices on the forecourt when they clearly have the opportunity to do so.

He added: “The only explanation for the resistance of retailers to cut prices is that they are protecting profits in the event of a sudden increase in wholesale costs. Ultimately, the longer they last, the more profit they make and the more misery continues for drivers struggling with the high prices.

A 5p per liter fuel tax cut introduced by the Treasury in March has not stopped prices from soaring. The government has resisted demands for another bigger cut to help motorists.

AA President Edmund King has warned that “crippling” pump prices could “stifle summer stays” at a time when airports are struggling to keep up with demand. He called on the government to “act urgently on price transparency and reduce tariff levels”.

About Patrick K. Moon

Check Also

The cruel trade of buying and selling lions

On August 2 this year, Safari Park Zoo in Lahore announced that it was auctioning …