The UK’s competition watchdog will launch an in-depth investigation into the fuel sector after raising concerns over the margins made by refineries amid sky-high fuel prices on forecourts across the country.
In an urgent review commissioned by the government and published on Friday, the Competition and Markets Authority (CMA) said it had “found cause for concern in the growing gap between the price of crude oil when it enters refineries, and the wholesale price when it leaves refineries as petrol or diesel”.
