The Asda chairman has warned of 'unintended consequences' Read more:
Asda co-owner Mohsin Issa said the combination would be "positive news for motorists, as we will be able to bring Asda's highly competitive fuel offer to even more customers".
A separate investigation into the fuel market has found some supermarkets have increased margins on petrol and diesel.Asda said it planned to invest more than £150m over the next three years to integrate the two businesses. "But while the cost-of-living crisis rages... the search for value may be prioritised over convenience for the foreseeable future," she added."It was inevitable the Issa brothers would want to consolidate assets they already own," Mr Hyman said. "The only reason they'll be doing this is to cut costs."