Fuel retailers use motorists as "cash cows"

Those blasted commie fuel retailers! :open_mouth: (Everyones a commie according to some on this board…)

The Competition and Markets Authority (CMA) said that “due to a decision by the traditional price leaders to compete less hard”, prices had risen since 2019.
The watchdog’s study found that the average annual supermarket fuel margins had increased significantly from 2019 to 2022, representing a 6p-a-litre increase – equivalent to £900m in extra costs in 2022
Retailers will now be forced by law to provide live pricing data, allowing drivers to more easily shop around for the best deals.
In May, the CMA said it had found evidence that retailers were putting up petrol and diesel prices to unnecessarily high levels and that it would speak to supermarkets, which have traditionally offered the lowest prices.
In concluding a study into the road fuel market, the CMA said consumers were paying “generally higher prices” than four years ago and noted that “competition has been significantly weaker on diesel than on petrol”.
Luke Bosdet, the AA’s spokesperson on pump prices, said: “Sadly, it has taken more than 15 years for a government and competition watchdog to recognise this and do something about it. However, action that is better late than never is greatly appreciated by motorists across the UK.”

theguardian.com/business/20 … prices-cma

The rapid uptake of EV’s is eroding the £39billion in taxes the government reaps from petrol & diesel sales so much that the government will be £13billion/year worse off by 2030. :open_mouth:
The government will be reluctant to cut fuel duty in budgets from now on. fleetnews.co.uk/news/compan … obr-report