Low-income households face higher petrol price increases when rival fuel stations close, per a UEA-led study.
A UEA-led study published in the Journal of Industrial Economics reveals that low-income households face higher petrol price increases when rival fuel stations close. Low-income areas do not benefit equally from new fuel stations opening and spend a larger share of their income on fuel. The study suggests that less competition and increased market power negatively impact low-income people.
August 30, 2024
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