Watchdog ‘deeply concerned’ that firms have ramped up petrol and diesel prices at expense of consumers
Retailers have been accused of overcharging motorists at the pump by the UK’s competition watchdog, which is “deeply concerned” at signs that companies have ramped up profits at the expense of consumers.
The latest Competition and Markets Authority (CMA) monitoring report found that from the end of May to the end of August the average cost of petrol climbed 1.9p a litre to 133.9p, and diesel rose 3.5p to 141.9p.
Background
This developing story continues to unfold as more information becomes available. The situation has drawn attention from various stakeholders and continues to be monitored closely.
Analysis
Industry experts suggest that this development could have significant implications moving forward. The broader context of this news reflects ongoing trends in the sector.
What This Means
The implications of this news extend beyond the immediate circumstances. Stakeholders are closely watching how this situation develops and what it might mean for future developments in this area.