fuel retailers
The Competition and Markets Authority has received new powers to monitor and penalise unfair fuel pricing, ensuring transparency from retailers
RAC data reveals that UK drivers are still paying more than they should at the pumps, with supermarkets criticised for not passing on savings
Current analysis reveals that petrol prices remain high compared to wholesale costs, with consumers losing out, while retailers profit
In July, the average price of petrol in the UK increased by a penny, marking the second monthly rise in a row, while diesel remained stable
Housing Secretary Michael Gove has assured that the 2030 ban on new petrol and diesel car sales will not be postponed
The RAC has emphasised the need for official wholesale fuel monitoring to ensure fair pricing by retailers
The UK Energy Secretary is set to meet with prominent retailers, such as Asda, Tesco, Morrisons, Sainsbury’s, bp, Shell and Esso, to discuss measures aimed at ensuring fair fuel prices
Grant Shapps has issued a stern warning to retailers, urging immediate action or else face severe legal repercussions for their practices in the wake of fuel price hikes
The government plans to implement a scheme, compelling retailers to share petrol and diesel prices online, aiming to prevent drivers from being overcharged
The Competition and Markets Authority has found that the supermarket fuel margin increase costs customers approximately £75 million per month