Drivers are still not getting a fair price on fuel at the pumps, the UK’s competition watchdog has warned.
The Competition and Markets Authority (CMA) said prices had risen by as much as 13.9p per litre since the end of May, partly due to wholesale costs.
But it said, more recently, while those costs have fallen, the retail price for petrol and diesel has not.
But it said, more recently, while those costs have fallen, the retail price for petrol and diesel has not.
The findings are contained in the watchdog’s first report on fuel prices following an investigation into competition in the market, which recommended a body be created to monitor what retailers are charging drivers.
The CMA found that petrol prices had increased from 142.9p per litre at the end of May to 154p per litre at the end of October, up 11.1p.
For diesel, prices rose from 147.9p per litre to 161.8p per litre over the same period, an increase of 13.9p.
Wholesale oil prices rose between June, July and August, said the CMA, largely due to global pressures on the energy market.
Drivers are still not getting a fair price on fuel at the pumps, the UK’s competition watchdog has warned.
But it said, more recently, while those costs have fallen, the retail price for petrol and diesel has not.
The Competition and Markets Authority (CMA) said prices had risen by as much as 13.9p per litre since the end of May, partly due to wholesale costs.
The findings are contained in the watchdog’s first report on fuel prices following an investigation into competition in the market, which recommended a body be created to monitor what retailers are charging drivers.
But it said, more recently, while those costs have fallen, the retail price for petrol and diesel has not.
But it said, more recently, while those costs have fallen, the retail price for petrol and diesel has not.
The findings are contained in the watchdog’s first report on fuel prices following an investigation into competition in the market, which recommended a body be created to monitor what retailers are charging drivers.
The CMA found that petrol prices had increased from 142.9p per litre at the end of May to 154p per litre at the end of October, up 11.1p.
For diesel, prices rose from 147.9p per litre to 161.8p per litre over the same period, an increase of 13.9p.
Wholesale oil prices rose between June, July and August, said the CMA, largely due to global pressures on the energy market.
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