Asda faces fuel shortages as Iran war spurs demand surge

Asda reports temporary fuel shortages as the conflict in Iran drives a surge in demand. Chairman Allan Leighton says rising fuel costs will impact inflation.

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The British supermarket chain Asda is experiencing localized fuel shortages across its forecourts in the United Kingdom following a significant surge in consumer demand. This spike is being attributed to the geopolitical tensions surrounding the United States, Israel, and Iran, which has led motorists to fill their tanks more frequently due to fears of rising prices and potential supply chain disruptions.

A price display board at an Asda petrol station in Birkenhead shows current fuel costs, photographed in July 2023. REUTERS/Phil Noble
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