UK drivers face higher fuel costs as retailers' margins surge, prompting government action.

UK drivers are paying more for fuel due to high retailer margins, with supermarket margins rising to 8.1% and non-supermarket margins to 10.2% from April to August. The Competition and Markets Authority (CMA) warns of weak competition in the fuel market, contributing to higher prices despite recent drops. The UK government plans to introduce a fuel finder scheme by 2025 to enhance competition and lower costs for consumers.

November 28, 2024
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