Big four supermarkets accused of exploiting Ukraine war to rip off drivers

SUPERMARKET has been accused of exploiting the Ukraine war to defraud drivers.

According to the RAC, the fuel stations of the four major companies, which control almost half of the UK market, have doubled their profit margins since the Russian invasion.

Supermarkets have doubled their profit margins since the Ukraine war began, reports RAC

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Supermarkets have doubled their profit margins since the Ukraine war began, reports RACCredit: Reuters

They increase from 3.7p to 9.3pa litres for petrol and 5.7p to 10.8p for diesel.

The competition watchdog has accused retailers of overcharging drivers £900m as they keep prices high while oil costs fall.

“These huge profits must have left millions of people struggling with an increasingly unreadable cost of living,” said RAC’s Simon Williams.

Following a meeting with the Government, bosses at Tesco, Asda, Sainsbury’s and Morrisons last week agreed to check fuel prices to help motorists.

The Sun’s long-running Keep It Down campaign called for the Pump Watch to be created.

The competition regulator said this week that supermarkets compete more fiercely for food than for fuel.

Russell Falcon

Russell Falcon is a USTimesPost U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Russell Falcon joined USTimesPost in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing russellfalcon@ustimespost.com.

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