Tesco warns consumers ‘facing a tough time’; Opec+ to discuss cutting oil output – business live

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Supermarket chain says cost inflation remains significant as profits drop; as Gordon Brown urges close scrutiny of shadow banking

Tesco’s fuel sales surged by over 38% in the last six months, due to rising prices and higher demand.

That lifted its revenues from petrol and diesel to £4.28bn, up from just over £3bn a year earlier.

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