UK's RAC urges establishment of price monitoring body to address fuel price stability amid lower wholesale fuel costs.
UK's RAC advises drivers to fill up as fuel prices seem to have bottomed out. Despite ongoing scrutiny from CMA and the government, wholesale fuel market trends lower due to a fall in oil prices; however, weak competition in fuel retailing prevents price declines. RAC calls for an official price monitoring body with the power to clamp down on overcharging retailers. Fuel prices have remained unchanged in Northern Ireland, where competition is stronger.
August 05, 2024
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