Oil, not operators, drives fuel pump price surge, says CMA

petrol pump forecourt fuel GettyImages-521372224

The watchdog’s investigation was triggered after pump prices for petrol and diesel rapidly increased by 26 and 50 pence per litre (ppl) respectively between February and 20 April

The majority of forecourt operators did not increase their margins in March amid the conflict in the Middle East, with the biggest driver being the result of higher oil costs, the Competition & Markets Authority has found.

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