1 Day
Source:
The Guardian
UK retailers delayed passing fuel price drops watchdog
The UK Competition and Markets Authority (CMA) has raised concerns about petrol station pricing strategies that delay passing wholesale price reductions to consumers, resulting in persistently high fuel costs. The CMA has issued over 1,100 warning letters to retailers failing to register with the Fuel Finder price scheme and plans a detailed review of the fuel market later this year. Despite overall price decreases in June, retail fuel prices remain elevated, with profit margins at or above high levels, though no evidence of profiteering has been found.
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