The government has pledged to ‘out’ rip off fuel sellers by forcing them to proved up to date information on what prices they’re offering. The move comes after growing anger at what has been described as ‘profiteering’ by major sellers including supermarkets.
Increased supermarket profit margins led to drivers paying an extra 6p per litre for fuel last year, the Competition and Markets Authority (CMA) said today. The CMA inquiry also recommended that the Government introduces legislation to enable a fuel finder open data scheme to be created, which could allow drivers to check pump prices through apps or sat navs.
Supermarket giant Asda was fined £60,000 by the CMA for failing to provide relevant information in a timely manner. In an announcement after the CMA report was revealed the government said retailers will be forced to provide up-to-date price information as part of new government scheme to call out rogue supermarkets and stations overcharging drivers at the pump.
