Arabic version: رئيس أسدا ينفي اتهامات استغلال أسعار الوقود

The executive chairman of Asda, Allan Leighton, has dismissed claims that retailers are exploiting rising oil prices to increase their profits. This statement comes as fuel prices in the UK have surged, with petrol prices exceeding 150p per litre for the first time in nearly two years. According to BBC News, diesel prices have also risen, now averaging over 177p per litre.

Leighton criticized the government for attributing blame to retailers for the price hikes, stating that the ongoing conflict in the Middle East is impacting fuel supply. He noted that Asda has not closed any forecourts due to the conflict, and expects affected petrol pumps to resume operations after their next delivery. He emphasized that fuel demand is currently outpacing supply, leading to higher prices.

The Petrol Retailers Association (PRA) acknowledged reports of limited fuel availability at a small number of forecourts but reassured customers that supply across the UK remains stable. The RAC described the increase in petrol prices as an “unwelcome milestone,” particularly with the upcoming Easter weekend, which is expected to make travel more expensive for families.

Leighton further argued that Asda’s profit margins have decreased due to the recent spike in prices, insisting there is no basis for accusations of profiteering. He pointed out that the government benefits from higher fuel prices through increased tax revenues, as VAT is applied to the total retail cost. The ongoing fluctuations in wholesale oil prices, which have been influenced by geopolitical tensions, continue to affect consumer prices at the pump.