Skip to main content

Neilston's Gas Station Offers Low Prices

John Robb & Son in Neilston, East Renfrewshire, sells unleaded petrol for 168.9p and diesel for 183.9p. He says his firm is doing this to reduce poverty-related distress.

Neilston's Gas Station Offers Low Prices

Major retailers are being criticized for not passing on a wholesale price cut to customers. Average petrol pump prices declined 9p in July to 182.69p per litre, while diesel fell 7p to 192.38p per litre, according to the RAC.

The motoring industry says drivers are still paying too much at the pumps compared to wholesale costs, which have reduced 20p in eight weeks. It indicates gas should be 167p/l. Mr. Robb lowered his gas and diesel pricing to match the wholesale rate.

The company owner told BBC Scotland, "We're in a tiny town, and that reflects poorly on you."

Long-term. "We're not here for short-term profits. "The community supports me."

He says the gas station, which has been in his family for four generations, makes "no money" from fuel sales.

The tactic has brought more consumers to Neilston's workshop. Mr. Robb added, "It's really profitable." Taxi drivers are usually the first to arrive. So they'll broadcast it.

.net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/

"You'll see many of taxis if you're competitive."

Cost-of-living-stricken communities embrace lower costs. Mr. Robb: "People are vociferous about prices."

"Most of it is lighthearted, but you can feel the fear, the worry in their cheeks," he said.

The Neilston business owner said forecourt executives may have been sluggish to cut pricing due to marginal profits. "We've all been operating on a tight margin, and some people may be seeking to recuperate losses," he said.

"It's a bad business. We're a four-generation company. We'll continue as long as we can cover charges. It's not profitable. No refunds. So few sites remain.

Comments

Popular posts from this blog

Sandbox adds FaZe Clan as a member Sandbox adds FaZe Clan as a member

With a new partnership with the leading Web3 company The Sandbox, eSports, lifestyle, and media company FaZe Holdings Inc (NASDAQ: FAZE) is heading to the metaverse. The decentralized metaverse business The Sandbox, which is part of Animoca Brands, has announced a partnership with the North American gaming and esports organization FaZe Clan. Through this agreement, FaZe Clan will set up a virtual territory called FaZe World and enter the metaverse. In the release, it says that FaZe and Sandbox will work together to create new ways to make money and to host events and other experiences in FaZe World. "Faze Clan into metaverse" is a joint project between: The FaZe Clan will make FaZe World, a 12-by-12-foot virtual plot in the Sandbox metaverse. "Part virtual real estate and part amusement park," say the two companies, is how they describe the world. To back up this idea, they plan to build digital infrastructure. In FaZe World, FaZe and Sandbox will host virtual event

Asian currency bears retreat as the outlook for inflation improves.

  According to a fortnightly poll of 12 analysts, short positions on all emerging Asian currencies fell, with bets on China's yuan at their lowest since late April. Short positions in the Philippine peso, Singapore dollar, and Indonesian rupiah all hit multi-month lows. An unchanged July inflation print in the United States, the first notable sign of relief after years of rising prices, also helped boost sentiment in the region. Short bets on the Thai baht fell to their lowest level since early June after the Bank of Thailand (BoT) raised its interest rate by 25 basis points on Wednesday, resuming its tightening cycle after trailing regional peers. Thailand, whose economy is heavily reliant on tourism, has begun to show signs of a gradual economic recovery as tourists return, allowing the BoT to adjust its monetary policy. Analysts widely anticipate that the BoT will maintain gradual policy normalisation throughout the rest of the year. The baht, one of the least shorted currencies

Soft demand lowers China's producer prices and consumer inflation.

China's factory-gate prices fell for a second month in November, but consumer inflation slowed, reflecting poor activity and tepid demand in a pandemic-slowed economy. Analysts anticipate the government to maintain rates low and create confidence. According to Friday's National Bureau of Statistics (NBS) data, the producer price index (PPI) was down 1.3% from a year earlier. Reuters had predicted a 1.4% drop. The November CPI grew 1.6% from a year earlier, slower than October's 2.1% annual growth but in line with a Reuters survey. "These figures show economic momentum (continues) to decline," said Pinpoint Asset Management's Zhiwei Zhang. In 2023, the government will focus on stabilizing growth, boosting domestic demand, and opening up to the globe, according to a Politburo meeting on Tuesday. Zhang said the government would take further steps to boost the economy despite easing pandemic controls last week. "The Politburo highlighted low confidence as an