Fuel margins remain high despite lower fuel prices, CMA finds - RAC comment

Image: Getty (all rights reserved)
Image: Getty (all rights reserved)

Following the CMA's quarterly report which found fuel margins are still significantly higher than they should be, RAC head of policy Simon Williams said:

“Drivers will be concerned to hear that retailer margins on fuel are still above where they have been historically and that competition remains weak.

"Given fuel is a major expense for households, and with eight-in-10 drivers dependent on their cars, it’s disappointing to see they’ve paid over the odds yet again. We have to hope the launch of the government-backed Fuel Finder scheme, due at the end of the year, will stimulate competition and finally lead to fairer pump prices.

“In the meantime, drivers should use a price checking tool, such as the free myRAC app, to make sure they’re getting the best deal possible wherever they are.”

 

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The RAC is an iconic British driving services brand and has been championing drivers since 1897. Today it is one of the UK’s most trusted names, providing complete peace of mind ® to over 15 million drivers across breakdown cover, insurance, and mobile servicing and repairs.

Its nationwide patrol force attends more than two million breakdowns every year, while its position as the UK’s leading independent insurance broker helps motorists find the right cover with confidence. The RAC has also reshaped the service, maintenance and repair market with its Mobile Mechanics, who carry out servicing and repairs at drivers’ homes or workplaces.

Committed to innovation, the RAC is fully electric ready with mobile EV charging technology for stranded drivers, and a suite of digital and data‑led solutions that make motoring easier and more affordable for consumers and fleets. These services come together in myRAC – the all‑in‑one app for vehicle maintenance, cheaper fuel finding and breakdown assistance.

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