Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Alex Lawson

Supermarket bosses face grilling on fuel prices from watchdog

A driver filling up with fuel at a petrol station
A driver filling up with fuel at a petrol station. The CMA said it had seen internal documents indicating that at least one unnamed supermarket had significantly increased its margin targets. Photograph: Joe Giddens/PA

The competition watchdog is to question supermarket bosses after finding evidence that retailers have increased fuel prices to unnecessarily high levels, squeezing consumers who are hit by the cost of living crisis.

The Competition and Markets Authority (CMA) said that high pump prices could not be solely blamed on global factors, such as Russia’s invasion of Ukraine. It added it had found evidence that weakening competition among the supermarkets had pushed up prices for drivers at the pump.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.