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Petrol prices: Drivers still paying over the odds, says watchdog

November 28, 2024
in Business
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Petrol prices: Drivers still paying over the odds, says watchdog
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Non-supermarket fuel margins rose had risen to 10.2% in August from 7.8% in April, the watchdog 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,” said Dan Turnbull, senior director of markets at the CMA.

“We therefore remain concerned about weak competition in the sector and the impact on pump prices,” he added, especially while costs of living remain high.

“The more people save on fuel, the more they have to spend in other areas”, he said.

Credit: Source link

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