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Iran war causing ‘temporary shortages’ at some petrol pumps, says Asda boss
Asda reports localized fuel shortages due to increased demand amid Middle East conflict; petrol prices topped 150p per litre, the highest in nearly two years, RAC data shows.
- On Friday, Asda warned of "temporary shortages" at some petrol pumps as conflict in the Middle East tightens fuel supplies, with issues limited to "the odd pump" across forecourts.
- Brent crude prices surged to $110 on Friday after Iran announced the closure of the Strait of Hormuz, prompting markets to add a "risk premium" to energy costs.
- RAC figures published earlier this week show average unleaded prices jumped by more than 14p a litre to 147.19p, though Asda executive chairman Allan Leighton rejected "profiteering" claims.
- Prime Minister Sir Keir Starmer warned earlier this month the Government would intervene if retailers try "to rip off customers," prompting Leighton to respond "no, we are not" to profiteering accusations.
- With demand outstripping supply, Asda continues to face "bumper demand" from drivers, and Leighton cautioned that "spikiness at the moment makes this tricky for us" regarding ongoing delivery delays.
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London – Britain's second-largest fuel dealer Asda admits supply bottlenecks for the first time because of the blocked road of Hormus. "The offer is ...
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Coverage Details
Total News Sources40
Leaning Left6Leaning Right2Center25Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
L 18%
C 76%
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