Asda Chief Blasts Government on Fuel Prices

0:00On March 28, as this chairman Alan Layton fired back at labor government ministers this week calling their accusations of petrol profiteering, nonsense. With average prices topping 150 pence per liter for the first time since May 2024, Layton slammed Chancellor Rachel, Reeves for lacking credibility while fuel costs climb due to global tensions. Earlier this week, oil prices jumped as Brent Crude hit $110 a barrel, driven by Iran's Titan blockade of the Strait of Hormuz, amid the Middle East conflict. Layton warned of tight supply chains, leading to temporary shortages at some pumps, especially as the man surges ahead of Easter holidays. Drivers are feeling the pinch hard, with analysis showing an extra 402 million pounds shelled out at four quarts lately. Families planning getaways face steeper bills, embosses from other chains like next, and marks and Spencer echo Layton's frustration over. Payment finger pointing, instead of addressing the real issues.

1:01Layton highlighted the treasuries massive tax haul from petrol duties and value added tax, urging ministers to share some relief with motorists. Rather than push a planned five pence per liter duty rise, set for September. He skipped a meeting with Reeves, joining other supermarket leaders and pushing back. Industry groups insist supply is flowing normally for now, but traders flag risks to diesel stocks by mid-May, keeping pressure on the government as. Prices stay volatile and shortages loom in spots.