"Whilst price increases might be inevitable because of rising wholesale costs, it is important that those increases reflect genuine cost pressures. We will be closely scrutinising and reporting on what's happening with fuel prices and call out any concerning behaviour."
The Competition and Markets Authority (CMA) is conducting an investigation into fuel price increases across the UK. Fuel station operators have been instructed to provide revenue, costs, and sales data to support the accelerated review of fuel margins—the difference between retailer purchase prices and selling prices. The CMA emphasizes that while price increases may be justified by rising wholesale costs, they must reflect genuine cost pressures. The watchdog will examine how quickly fuel prices adjust to wholesale cost changes and investigate potential rocket and feather pricing, where prices rise quickly but fall slowly.
Read at www.independent.co.uk
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