The 45-year-old has made the humiliating move at venues as small as 600 seats, after failing to sell out his big comeback shows.
So if you want to see Pete play the O2 Shepherd's Bush in London, you can now get a ticket on Groupon for £27.28 instead of £44.10 – a discount of 38%.
Or, if you want to go to the date at Manchester's O2 Apollo, it now costs just £27.28 – a saving of 35%.
There are even empty seats at the teeny 600-capacity Scarborough Spa, where tickets have been slashed by 34% in a bid to drum up sales.
While the price crash is undoubtedly good news for fans, Pete is not likely to have planned putting his career showcase in the bargain bin just two months after he announced it.
It also suggests that fans were not quite as keen to flock to hear the likes of Flava, Mysterious Girl and Insania as promoters first thought.
Pete announced he was hitting the road back in October, promising to play his best-loved hits on 25 dates around the country – one for each year he's spent in showbusiness.
He revealed: “This tour has been a long time in the making and I can’t wait to get back out on stage in front of the fans that have supported me over the last 25 years.
"I’m blessed to have had such a great career in entertainment for that time."
Pete's cut-price tour dates
11 February: Aberdeen Music Hall £27.52 (32% off)
12 February: Edinburgh Usher Hall £26.03 (34% off)
14 February: Newcastle City Hall £27.53 (32% off)
16 February: Hull Bonus Arena £27.03 (33% off)
17 February: Sheffield City Hall £27.03 (29% off)
18 February: Liverpool Empire £27.28 (32% off)
19 February: Blackpool Opera House £26.03 (33% off)
21 February: Plymouth Pavilions £26.03 (34% off)
22 February: Bath Forum £26.03 (34% off)
23 February: Southampton O2 Guildhall £27.28 (35% off)
25 February: Aylesbury Waterside Theatre
26 February: Ipswich Regent Theatre £26.03 (34% off)
27 February: Cambridge Corn Exchange £26.03 (34% off)
1 March: Manchester O2 Apollo £27.28 (35% off)
3 March: Grantham Meres Leisure Centre £26.03 (34% off)
4 March: Bournemouth Pavilion Theatre £27.28 (32% off)
5 March: Swansea Grand Theatre £28.03 (32% off)
8 March: Scarborough Spa £26.03 (34% off)
9 March: Stoke Regent Theatre £26.03 (34% off)
11 March: O2 Shepherds Bush Empire, London £27.28 (38% off)
12 March: Indigo at the O2, London £33.46 (22% off)
13 March: The Brighton Centre £26.03 (34% off)
He added: "It is something really special, and this tour will be a celebration of everything I have worked for.”
Pete today launched his "12 days of Christmas" – a giveaway to drum up more interest in the tour, which kicks off with a competition to win the singer's perfume, Gold.
The Sun Online has contacted Peter's representatives and invited them to comment, but we have not heard back.
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