UK fuel prices drop, but high margins suggest weak market competition; CMA proposes a "fuel finder" scheme.

Despite drops in UK fuel prices—7.6 pence for petrol and 8.4 pence for diesel—margins remain historically high, indicating weak competition in the fuel market. The Competition and Markets Authority (CMA) found that petrol retail spreads averaged 15.4 pence per litre and diesel spreads averaged 18.8 pence per litre. The CMA recommends a government-backed "fuel finder" scheme to help drivers compare prices and increase competition.