Asda’s profit margins on fuel have tripled since before the pandemic, according to the competition regulator at a bad-tempered parliamentary hearing where the supermarket chain’s co-owner repeatedly refused to explain its pricing strategy.
Read the full article on The Guardian website
NAM Implications:
- Key for government to separate food and fuel pricing issues.
- Supermarket fuel prices were always set at a level…
- …aimed at ensuring manageable queues at the pumps.
- i.e. not too high or not too low vs nearby competition.
- Less local competition means more flexibility.
- ‘Voluntary’ policing takes (too much) time…
