Tesco (TSCO) share price rebounds on abating fuel crisis  – 29 Sept 2021

Tesco’s share price rebounded slightly in late morning trades as the fuel crisis eases slightly. 

The government said today that a fleet of reserve tanker fleet will be on the road to relief the fuel crisis. However, a number of petrol forecourts, including Tesco’s, are still experiencing fuel disruption. 

Until the drive shortages is solved, the fuel supply will stay disrupted for the time being. 

However, the market is not expecting in a meaningful drop in Tesco’s revenue due to the fuel crisis. Its share prices have remained steady through the past few sessions as investors bought dips. This maintains prices near the 260p level.

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