Fuel retailers ramping up profits amid weak competition – CMA

RETAILERS could be overcharging motorists at the pump after the UK's competition watchdog found profit margins in the sector remain "persistently high" and unexplained.

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In its first annual road fuel monitoring report, the Competition and Markets Authority (CMA) found that, despite a year-on-year fall in prices at the petrol pump, the profit margins made by retailers have been rising over the past year.