RAC accuses UK petrol retailers of inflating margins, leading to higher fuel costs for drivers; calls for CMA intervention and fairer pricing.
The RAC accuses UK petrol retailers of inflating margins, pushing up fuel costs for drivers, and has called for the Government to take action. The Competition and Markets Authority (CMA) has been urged to gain power to take meaningful action against companies charging excessive prices for petrol and diesel, as the RAC's analysis reveals margins on diesel at 18p a litre and petrol at 12p a litre, well above the long-term average of 8p. The RAC believes retailers should charge "fairer" margins, resulting in average prices of around 145p for petrol and diesel.
May 15, 2024
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