No evidence of widespread fuel price-gouging, watchdog says
The UK's Competition and Markets Authority (CMA) found no evidence of widespread fuel price-gouging by retailers following the spike in wholesale prices after the US-Israel war with Iran began. Overall profit margins for fuel retailers remained broadly unchanged between February and March, though margins increased for two supermarkets and three non-supermarket retailers. The CMA is investigating the reasons for these increases and will publish further findings in May.
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No evidence of widespread fuel price-gouging, watchdog saysJust nowShareSaveAdd as preferred on GoogleJemma CrewBusiness reporterGetty ImagesThere is no evidence of widespread price-gouging by UK fuel retailers in the weeks after the US-Israel war with Iran began, according to the competition watchdog.The Competition and Markets Authority (CMA) said profit margins overall were "broadly unchanged" between February and March.In March, the CMA announced it would "step up" monitoring of petrol and diesel prices after the Middle East conflict caused wholesale prices to spike.Prime Minister Sir Keir Starmer at the time said the government was primed to act if fuel companies tried to "rip off customers", but forecourt retailers denied price gouging was taking place and criticised the use of…
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