Nov 28, 2024, 1:50 PM
Nov 28, 2024, 12:00 AM

High fuel margins force drivers to pay more for gas

Highlights
  • Increased fuel margins have been reported by the Competition and Markets Authority.
  • Supermarket and non-supermarket fuel margins have risen since April.
  • The ongoing high fuel margins indicate weakened competition in the road fuel retail market.
Story

In the UK, fuel prices have continued to be a concern for drivers, as highlighted by findings from the Competition and Markets Authority (CMA). The CMA reported that margins on fuel have significantly increased, with supermarket fuel margins rising from 7 percent in April to 8.1 percent by August. Similarly, non-supermarket fuel margins climbed from 7.8 percent to 10.2 percent during the same period. These rising margins indicate persistent issues with competition within the road fuel retail market. The CMA has expressed ongoing concern over weakened competition in this sector, suggesting that consumers are currently paying more for fuel than they should due to these

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