Why petrol prices are not rounded off to the nearest rupee?Is it to favour the retailers? ?



I fail to understand why the rates are not rounded off. And why the rates are made effective from the midnight only.Is there any logical answers for these?

Why petrol prices are not rounded off to the nearest rupee?Is it to favour the retailers? ?
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4 Replies to “Why petrol prices are not rounded off to the nearest rupee?Is it to favour the retailers? ?”



  1. In the US the petrol rate is always 1/10 of a cent below the nearest penny so the price seems lower than it is. It does not seem as important now with gas above $2.00 a gallon but when it was 24 9/10 cents a gallon that last 1/10 of a cent seemed a lot.


  2. The fractions are to make you think the cost is less than it is. For example, if petrol is $1.97 cents per gallon, people think they are getting it for less if it is posted at $1.96-9/10. It’s a game retailers play world wide. But people DO read it as $1.96 and seem to forget that other 9/10ths of a cent.





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