Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Asda Named Most Expensive Supermarket Fuel Retailer in the UK

by June 5, 2024
June 5, 2024
Asda Named Most Expensive Supermarket Fuel Retailer in the UK

Asda has been identified as the UK’s most expensive supermarket fuel retailer, according to recent analysis.

The RAC reported that at the end of May, Asda’s petrol prices were, on average, 2.1p per litre higher than those at rival supermarkets Tesco, Morrisons, and Sainsbury’s. The disparity was even greater for diesel, with a difference of 2.5p per litre.

Historically, Asda has been known for offering the cheapest fuel among UK supermarkets, often leading the way in reducing pump prices. However, the supermarket’s pricing strategy appears to have shifted following its acquisition by billionaire Issa brothers and private equity firm TDR Capital in 2021.

In May last year, Asda purchased the UK and Irish operations of petrol station giant EG Group, also owned by the Issa brothers. At the time, Mohsin Issa claimed the acquisition would allow Asda to extend its “highly competitive fuel” offerings to more customers.

However, a report by the Competition and Markets Authority (CMA) in July last year revealed that Asda’s target fuel margin—the difference between the purchase price of fuel and the pump price—was set to be three times higher in 2023 compared to 2019.

Despite this, TDR Capital managing director Gary Lindsay told the Commons’ Business and Trade Committee in January that Asda did not have “a particular strategy to bump the price of fuel or to make a larger profit on fuel.”

The shift in Asda’s fuel pricing strategy has drawn attention and concern, given its previous reputation for affordability. This development may influence customer perceptions and loyalty, as well as the competitive dynamics among UK supermarket fuel retailers.

Read more:
Asda Named Most Expensive Supermarket Fuel Retailer in the UK

0
FacebookTwitterGoogle +Pinterest
previous post
Octopus Energy Group Secures New Global Investors to Boost Expansion in North America and Europe
next post
Mark Carney Rules Out Role in Future Labour Government

You may also like

Developing a Strategic International Expansion Plan

May 2, 2024

Experience the delectable marijuana power of the hybrid...

May 7, 2025

Choosing the Perfect Wedding Photographer A Comprehensive Guide

June 28, 2024

4 Best Assignment Writing Services Reviewed by University...

May 24, 2025

European variable pay management leader Qobra announces new...

October 12, 2023

Halifax joins other lenders in cutting mortgage rates

August 10, 2023

Only 6% of UK businesses have confidence in...

May 11, 2023

Why Guests Ignore Guest Feedback Forms—And How to...

February 20, 2025

Sir Jony Ive’s tech start-up to merge with...

May 22, 2025

Sales growth cools at Deliveroo as customers lose...

October 21, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Tesla sees UK sales rebound in June as EV market accelerates

      July 5, 2025
    • Hived raises $42m to roll out electric delivery fleet across southern England

      July 5, 2025
    • Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher

      July 5, 2025
    • “A turning point for education”: James Caan launches bold education reform plan in House of Lords

      July 5, 2025
    • ‘Invest in Women’ fund criticised for slow rollout as MPs call for bolder action

      July 5, 2025
    • Iran regime escalates repression toward ‘North Korea-style model of isolation and control’

      July 4, 2025

    Categories

    • Business (8,397)
    • Investing (2,102)
    • Politics (15,945)
    • Stocks (3,190)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved