UK's CMA raises concerns over increased fuel margins in supermarkets, emphasizing the need for Pumpwatch and statutory powers for competition.
The UK's Competition and Markets Authority (CMA) has raised concerns over high fuel margins, indicating weakened competition in the sector. Supermarkets' fuel margins, including Asda, Morrisons, Tesco, and Sainsbury's, have increased from 4% in 2017 to 7.8% in 2023, while other retailers' margins rose from 6.4% in 2017 to 9.1% in 2023. The CMA's report highlights the need for the implementation of Pumpwatch and statutory powers to ensure effective competition and better deals for UK drivers.
March 28, 2024
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