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UK Motorists Overpay for Fuel Amid High Retailer Margins, Watchdog Warns

2 hours ago

UK Motorists Overpay for Fuel Amid High Retailer Margins, Watchdog Warns
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7 Highlights

  • UK retailers keep high fuel margins, raising costs for drivers.
  • Supermarket fuel margins increased from 7% to 8.1% by August.
    • Non-supermarket margins jumped from 7.8% to 10.2%.
    • Global oil price drop not reflected in UK pump prices.
    • Drivers overcharged £1.6 billion due to weak competition.
    • CMA urges government action for better competition and transparency.
    • Fuel finder scheme by 2025 aims to lower prices with transparency.
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