Login
My Garage
New hero

Morrisons set to sell petrol forecourts to Motor Fuel Group in huge £2.5bn deal

By Tom Gibson | January 23, 2024

Share

Why not leave a comment?

See all | Add a comment

The buyout will do nothing to alleviate fears that companies are profiteering from motorists when it comes to refuelling.

Morrisons set to sell petrol forecourts to Motor Fuel Group in huge £2.5bn deal

Sky News is reporting Morrisons is set to sell its fuel station forecourts to the Motor Fuel Group in a huge £2.5bn deal.

Over the last two years, the price of fuel has been under the microscope with numerous politicians and members of the automotive industry accusing fuel retailers of profiteering at the expense of the motorist.

Known as ‘rocket and feather’ pricing, retailers have been quick to raise forecourt prices after the breakout of wars or, as we’re seeing now, conflict in the Middle East. The price of petrol and diesel then takes an age to come down despite wholesale costs having been reduced.

And the move from MFG to takeover the Morrisons’ fuel empire will do nothing to remove this train of thought given they’re happy to pay a whopping £2.5bn for its 340 sites – approximately £7.35m per site.

According to Sky, the deal will be announced by early February and has the potential to include another 150 sites that could support a planned network of ultra-fast electric vehicle charging stations.

If the deal does go ahead, it will follow in the footsteps of Asda who passed control of its UR and Irish stations to EG Group.

Related Articles

1 in 10 cars sold in the UK are now made in China
Why are Chinese car brands taking over the UK market? Get the latest insights on sales, tariffs, and the future of electric vehicles in the...
Jul 07, 2025
Understanding Electric Vehicles: Dispelling Common Myths
EVs Sound Great… But Are They Really? Let’s Unpack the Truth
Jul 07, 2025
Fuel margins are at record highs – What’s going on?
Retailers say EV chargers are to blame for pricey fuel. The data tells a different story.
Jul 07, 2025
One in four new cars sold in June was electric
June 2025 saw electric cars reach record highs in the UK, with Chinese brands like BYD making a strong impression on buyers.
Jul 07, 2025