Margins on fuel remain historically high - RAC reaction
Following the publication of the latest road fuel update report from the Competition and Markets Authority, RAC head of policy Simon Williams said:
“It’s very concerning that the CMA has once again concluded that fuel margins remain historically high. Unfortunately, the CMA’s ongoing scrutiny appears so far to have had little effect on changing retailer behaviour.
"Hope of seeing more competitive prices on the nation’s forecourts now rests on the Government’s Fuel Finder scheme delivering when it comes into operation at the end of the year. If retailers being mandated to report their prices daily doesn’t lead to greater competition in the market, then further questions will need to be asked.
“We also look forward to seeing the results of the CMA’s first annual road fuel monitoring report at the end of the year as this will look at retailer operating costs and their impact on margins."
