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Evening Standard
Evening Standard
Holly Williams

Fuel retailers ramping up profit margins amid ‘weak’ competition – CMA

Retailers could be overcharging motorists at the pump (PA) - (PA Media)

Retailers could be overcharging motorists at the pump after the UK’s competition watchdog found profit margins in the sector remain “persistently high” and unexplained.

In its first annual road fuel monitoring report, the Competition and Markets Authority (CMA) found that, despite a year-on-year fall in prices at the petrol pump, the profit margins made by retailers have been rising over the past year.

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