Sainsburys and Asda petrol stations in Monks Cross closed

The petrol stations attached to Sainsbury’s and Asda in Monks Cross were closed earlier today (March 28) after fuel sold out across the city.

Sainsbury’s have since confirmed that they have reopened, whereas Asda have stated that their closures are temporary whilst a delivery is on route.

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This follows petrol and diesel costs climbing sharply since the end of February, after the war between Iran and US-Israeli forces disrupted oil production and supply from the region.

Average unleaded prices are at a two-year high – jumping by more than 14p a litre over that period, reaching 147.19p, according to RAC figures published earlier this week.

Allan Leighton, executive chairman of Asda, said the retailer has seen bumper demand from drivers amid price volatility, but  stressed that the issue has only affected “the odd pump” at a small number of its petrol forecourts.

He said: “Our fuel volumes are up quite significantly and clearly demand has been outstripping supply. Supply is tight and we are all trying hard on that.

“The issue is a temporary one, and some could see issues when we are waiting for delivery, and we can expect to see that continue.

“The spikiness at the moment makes this tricky for us, as spikes can lead to temporary shortages. These are temporary and are addressed very quickly.”

The boss also rejected claims that fuel retailers have boosted their profits through recent price increases.