Breaking: Supermarkets took advantage of weakened competition and inflated pump prices, a major report has found. Document findings hailed as 'a landmark day' for motorists.
Cardell added: “We need to reignite competition among fuel retailers. This [scheme] would end the need to drive round and look at the prices displayed on the forecourt and would ideally enable live price data on sat-navs and map apps.”Its report has been hailed as “a landmark day” by the RAC.
Its fuel spokesman, Simon Williams, said: “The fact that drivers appear to have lost out to the tune of nearly £1 billion as a result of increased retailer margins on fuel is nothing short of astounding in a cost of living crisis and confirms what we’ve been saying for many years: that supermarkets haven’t been treating drivers fairly at the pumps.
“It’s all about action now, and we very much hope the government follows through with both of the CMA’s recommendations. “While forcing retailers to publish pump prices is a positive step for drivers, what’s of far more significance is the creation of a fuel-monitor function within government which, we very much hope, actively monitors wholesale prices to ensure forecourts don’t overcharge when the cost they pay to buy fuel drops.
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