Petrol Stations Get To Keep Surprisingly Small Amount When You Fill Up
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As the cost of living crisis continues to affect millions across the country, petrol stations aren't seeing any benefit.
Well, at least those who run the forecourts aren't because, as one Facebook user explains, they actually make surprisingly little each time you fill up.
The news comes as a warning was issued last week that petrol prices could soon reach £2 a litre.
Simon Williams, a spokesperson for the RAC, told Sky News: "The cost of filling a 55-litre family car with petrol has now topped £98 for the first time in history.
"With analysts predicting that oil will average $135 a barrel for the rest of this year drivers need to brace themselves for average fuel prices rocketing to £2 a litre which would mean a fill-up would rise to an unbelievable £110.
"We strongly urge the Government to take drastic action to help soften the impact for drivers from these never-before-seen pump prices."
While the RAC is warning of record-breaking prices, you'd be wrong to think that the people who own the petrol stations are making money.
One petrol station representative at Brian Llewelyn A'i Ferched garage in South West Wales took to Facebook to share their surprising profit margins.
The representative said: "Tonight we had one customer turn up after we had put the pole signs off, as we were closing.
"This person pulled up to the pump, saw it was £1.93.9 per litre. They came into the shop and said, 'I was going to put fuel in but not at that price.'"
"I said I'm sorry, but it's not my fault."
The insider then proceeded to break down how much profit they made from petrol: "For everyone that is thinking that it is the petrol forecourt themselves that are making the money at the moment, here’s a quick breakdown of how little forecourts actually make from the price of fuel."
And here's the math to prove it: "For example £100.00 of diesel @ £1.939 ppl [price per litre] = 51.57 Ltr of diesel.
"51.57ltr x 4p (4ppl profit) = £2.06.
"If the £100.00 (51.57ltr) is then payed using a credit card = £100.000 x 1.69% = £1.69 (interest charged per transaction by card firm) £2.06 - £1.69 = 37p PROFIT.
"And that is before you take out overheads i.e electric, maintenance and staffing."
So, there you have it, petrol stations aren't exactly rolling in it either as prices continue to climb.