Coles & Woolies Enter Pump Wars
Both Coles and Woolworths have this week announced significant petrol price discounts for its customers who spend between $100 and $300 in their stores.
According to News ltd and The Motor Report, Coles first launched the 10c and 40c discounts for customers spending between $100 and $300 in its stores.
Woolworths’ stores in Victoria then began offering 10c, 25c and 40c per litre discounts for customers spending over $100, $200 and $300 respectively on their shopping.
Although it is expected that these heavy discounts are unsustainable for both retailers, Independent Senator Nick Xenophon slammed the price cuts as an example of the “obscene” power petrol retailers and oil companies use when determining regular fuel prices.
This latest price war between two of Australia’s biggest retailers will only affect a small percentage of their customers who already spend over $300 on their weekly shops.
Speaking to News ltd, Gary Fites from RACQ Queensland said:
If your normal grovery bill is less than $300, buying unecessary items to reach that limit means you would almost certainly come off worse in the deal.
Source: News ltd, The Motor Report