Supermarket fuel margins increased from 7% in April to 8.1% in August, while non-supermarket fuel margins rose from 7.8% in April to 10.2% in August, the Competition and Markets Authority said
Drivers are still paying more for fuel than they should due to “stubbornly high” margins, the competition watchdog said. The Competition and Markets Authority said fuel margins remained higher than historic levels, and it remained concerned about weakened competition in the sector.
Dan Turnbull, senior director of markets at the CMA, said: “While fuel prices have fallen since July, drivers are paying more for fuel than they should be as they continue to be squeezed by stubbornly high fuel margins.“We therefore remain concerned about weak competition in the sector and the impact on pump prices. With that in mind, we are pleased the Government is progressing with our recommendations.
The CMA said fuel prices fell from June to October, driven by global factors including crude oil costs. The CMA also looked at the retail spread – the average price that drivers pay at the pump compared to the benchmarked price that retailers buy fuel at – over July to October.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Drivers using supermarket petrol stations warned 'don't fill up your tank full'FairFuel UK founder Howard Cox has urged drivers to realise that 'achieving the best possible fuel consumption rests firmly in their hands' and warned Tesco, Sainsbury's, Morrisons and Asda drivers not to fill up their tank full
Read more »
Drivers warned over easily-mistaken 'age limit' supermarket ruleMotorists have been advised to check the rules at their local
Read more »
Drivers of these 59 vehicles face £2,000 in car tax from AprilThe new list of 59 models of cars will face a £2,000 hike in what is known as vehicle excise duty from April, with the most polluting motors in the spotlight
Read more »
Tesco shoppers could be fined while parking outside storesThe supermarket warned drivers 'it's your responsibility' to follow the rules
Read more »
Drivers face new £417 car tax in April and some will pay £1,113The rates, also known as showroom tax, were announced in the Autumn Budget and come into force next year
Read more »
Aldi launches controversial new Christmas sauce that will divide supermarket shoppersThe ‘one-of-a-kind’ condiment by Sauce Shop will hit Aldi shelves on November 28, priced at £3.49 — and you'll either love it or hate it.
Read more »