UK drivers still paying too much for road fuel says CMA
The Competition and Markets Authority (CMA) has published an update today showing that increases in retail fuel margins cost drivers over £1.6bn in 2023. Key points below. Any thoughts on how fuel prices are impacting your business, and whether the prices retailers are charging for fuel are fair, send them across ASAP as this story is BREAKING.
- Retailers’ fuel margins – the difference between what a retailer pays for its fuel and what it sells at – are still significantly above historic levels.
- Supermarkets’ fuel margins are roughly double what they were in 2019.
- The total cost to all drivers from the increase in retail fuel margins since 2019 was over £1.6bn in 2023 alone.
- Competition among fuel retailers is failing consumers, just as it was in July last year when the CMA published its road fuel market study.
