Retailers warn of fuel supply crisis

A FUEL supply crisis looms along the western seaboard, a retailers’ association warned yesterday as service stations, countrywide, battle to contain prices.

Most of the major fuel suppliers have recommended forecourt prices of up to €1.21 per litre for unleaded petrol and €1.17 per litre for diesel but forecourt businesses are resisting the proposals.

Below-cost selling by supermarkets such as Tesco is also forcing smaller retailers to hold prices at between 14 cent 16 cent below the recommended price.