Drivers are still paying too much for their fuel, with retail margins “significantly” above historic levels, according to the UK competition watchdog.
The Competition and Markets Authority (CMA) said that the fuel market is still “failing consumers” a year on from its first report that laid bare the problems in the sector.
It said that retailers’ fuel margins – the difference between what they pay for their fuel and the price they sell it at – are “still significantly above historic levels”.
Increases in fuel margins cost drivers more than £1.6 billion in 2023 alone, with supermarkets’ fuel margins now roughly double what they were in 2019, the CMA said. READ MORE: 'I stopped looking at my phone after 9pm each night to see if I could get a good night's sleep' The RAC motoring group said drivers feel “ripped off” by fuel retailers.
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