NEWS: Probe into fuelprices will evaluate whether drivers received the 5p cut in fuelduty announced earlier this year, and could lead to further intervention ⛽️
When the report is completed, the CMA will consider what further action is necessary, including whether it is appropriate to produce a long-term market study. Such a study would look into how fuel retailers compete with each other, as well as the impact of geographical factors on pump costs.
Those price increases saw the cost of filling a typical family car with a 55-litre fuel tank with petrol rise from £97.83 to £101.77 within a week. Meanwhile, the cost of filling it with diesel rose from £101.76 to £105.01 – the first time it has breached the £105 mark.
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