Some forecourts are still not passing on wholesale fuel price changes to drivers quickly enough, the UK competition watchdog warns.
More than a thousand warning letters have been sent to retailers failing to give prices to the Government’s Fuel Finder service, the Competition and Markets Authority has revealed.
Last quarter, the CMA raised concerns in its update on the fuel market over ‘passive pricing strategies’ used by the majority of retailers, which it said were helping to keep profit margins high amid soaring cost pressures on drivers from the Iran war.
The CMA found that, between May and June, some retailers did not immediately
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