Asda First To Help Us ‘Cash Cows’

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(graphic from PetrolPrices.com website)

Once again supermarket giant Asda is leading the way in passing on lower fuel costs to its customers.

As the above graphic demonstrates, it is even more admirable when you see the small percentage that a retailer actually makes from a litre of fuel. Their own profit has to come mainly from volume of sales rather than true markup.

Add the duty to the VAT, though, and it is easy to work out why the government are in no hurry to help us all when we are such a cash cow standing in their field of financial black holes.

Despite the idealistic views of certain political parties, fuel is a necessary and unavoidable part of everyday life for most of us. Not everyone has the benefit of good public transport and those of us who live outside of the cities have no choice other than to drive to work.

True recovery will not come until the price of a litre becomes realistic once again!


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