Petrol prices- being sold at .9 of a p?
Discussion
Zip106 said:
cuprabob said:
Dr Jekyll said:
RWD cossie wil said:
Ok, might sound like a daft question, but how can petrol be sold at a price that no currency exists for? It is impossible to pay 124.9p for a litre of fuel, so how is it legal to advertise at that?
Because if they sold it for 125p a litre people would post on websites asking how they could pay for 0.999 litres.
EDIT: see what you did there
williamp said:
A good question and one I still dont get: the 0.9p doesnt exist. The smallest amount possible to sell something for is 1p, shirley?
If I bought two litres, is that an extra 1.8p I spend, or do they round irt down before (therefore I dont spend the extra 1.8p) or round down after the dinal, therefore I pay the extra 1p???
Can someone explain in a sort of "these are small, those are far away" approach which I might get
Ever heard of rounding to the nearest whole number? Works like this...If I bought two litres, is that an extra 1.8p I spend, or do they round irt down before (therefore I dont spend the extra 1.8p) or round down after the dinal, therefore I pay the extra 1p???
Can someone explain in a sort of "these are small, those are far away" approach which I might get
23.45 litres @ 124.9p = 2928.905p = £29.29. You round up cos it's over .5, see?
22.29 litres @ 124.9p = 2784.021p = £27.84. You round down cos it's under .5, see?
If it happens to be exactly .5 then you round up, because that's the way it is.
Over time the whole thing averages out and it's all fine. You may have done this in GCSE maths. Tricky stuff.
Edited by shalmaneser on Tuesday 4th January 00:31
0.9p does exist, at least in so far as fiat money exists at all. There just isn't a convenient physical token or proxy(at least not since the farthing and halfpenny got binned). If you wrote a cheque for 0.9p, it would have to be honoured by the clearing bank and transfered to the account it was payable to.
Saying it doesn't exist makes no more sense than saying money doesn't exist unless there's coinage, paper or bullion to represent it.
Saying it doesn't exist makes no more sense than saying money doesn't exist unless there's coinage, paper or bullion to represent it.
DAVEVO9 said:
Pigeon said:
Just go for the simple answer: "because they are t
ts". It explains 99% of human behaviour pretty adequately.
Good point..ts". It explains 99% of human behaviour pretty adequately.I don't know if you think like me Pigeon.. If I see something priced at £9.99 to me it's a tenner?
If I see petrol at £1.29.9 a litre then it,s £1.30? WTF is .9 of a pence worth? or for that matter, what can you buy for 1 pence?
Expect £1.50 a litre by the summer.
A PENNY
The Dirham here in Dubai has 100 fils but the smallest coin is 25 fils - most places price stuff so that they can round down your change and basically steal from you.
They also have a habit of pretending to be out of change and would a tiny packet of chewing gum be ok instead of 50 fils. I always ask if I can come back and buy stuff using the gum as legal tender, oddly enough the answer is no.
They also have a habit of pretending to be out of change and would a tiny packet of chewing gum be ok instead of 50 fils. I always ask if I can come back and buy stuff using the gum as legal tender, oddly enough the answer is no.
Whats the bet the retailers don't make the new VAT calculation correctly!
126.9 per litre was 108 plus VAT So now with VAT at 20% this would make fuel is 129.6. I bet they now put it up to 129.9!
On a fill of 50 litres that is 15p per person...
Each and every time fuel duty goes up they always round it up!
126.9 per litre was 108 plus VAT So now with VAT at 20% this would make fuel is 129.6. I bet they now put it up to 129.9!
On a fill of 50 litres that is 15p per person...
Each and every time fuel duty goes up they always round it up!
Edited by JontyR on Tuesday 4th January 08:18
aw51 121565 said:
Local garage might say 124.9 pence/litre. My wife sees 124.9 on the display on the front of the forecourt as she approaches - she can't be alone in this. She tells me she paid £1.24 per litre at the local garage; the subtlety of the 0.9p/l is lost on her 
.
The 0.9 is meaningless though, as every garage has 0.9 on the end; if one garage had 124.9 and the other 124.0 I would agree. There are a few crafty garages putting 0.8 or 0.7 on the end to be slightly cheaper than the 0.9s! .Ultimately I think petrol is a comparitive price measure anyway. You can't really worry about the general overall price (on a day-to-day basis i.e. putting the politics aside) because it's going to be largely the same price everywhere, so the best you can hope for is a good deal for the area you're in.
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