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The Independent UK

National

Neil Lancefield

Sharp cut in fuel prices after retailers given ‘good prod’ by regulator, AA says

AA CMA Luke Bosdet Competition and Markets Authority Petrol

PA Archive

Fuel retailers receiving “a good prod” from the competition regulator has sparked a sharp cut in pump prices, according to new analysis.

Average petrol prices dropped twice as fast following a Competition and Markets Authority (CMA) report accusing retailers of not reflecting a decline in wholesale costs, the AA said.

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