Warning Morrisons petrol prices could skyrocket at dozens of forecourts

manchestereveningnews.co.uk:

A warning has been issued by the UK competition regulator that petrol prices could skyrocket at over 100 Morrisons forecourts.

This is due to the fact that private equity firm Clayton, Dubilier & Rice (CD&R) are taking over the supermarket in a £7 billion deal.

In January the Competition and Markets Authority launched an investigation into the takeover, but has now said it could launch a deeper investigation if concerns over potentially high petrol prices are not addressed.

It comes as CD&R also owns petrol station giant Motor Fuel Group (MFG), and won a lengthy auction to buy Morrisons in October.