Asda Boss Rejects Fuel Profiteering Claims as Prices Hit Two-Year High

The boss of Asda has rejected claims of profiteering. Fuel prices inched up again on Friday. Petrol rose above 150p a litre for the first time in nearly two years. Diesel topped 177p.The RAC figures show the Iran conflict is continuing to push up prices. However, they remain below the peaks seen after Russia’s invasion of Ukraine.

Cost to Drivers

Filling a typical family car with unleaded now costs over £82. That is £9.50 more than a month ago. A tank of diesel costs £19 more at over £97. Therefore, this UK fuel prices conflict is hitting motorists hard.

Retailer Responds

Asda executive chairman Allan Leighton hit back at suggestions of profiteering. He accused ministers of “pointing the finger” at retailers. He said the conflict was affecting fuel supplies in some locations. A small number of pumps are out of use following bumper demand.

No Forecourt Closures

Leighton said Asda had not closed any forecourts. He expected affected pumps to be back in use after the next delivery. Asda is the UK’s second biggest fuel retailer.