Motorists are still being “ripped off” by Britain’s petrol retailers, with drivers paying £1.6 billion more than they should for fuel, according to the competition watchdog.
The Competition and Markets Authority (CMA) said profit margins on petrol and diesel remained significantly above historic levels and the fuel market continued to fail consumers, a year on from its first report that exposed the problems.
The watchdog’s analysis showed that the increase in profit margins, the difference between what forecourts pay for their fuel and the price they sell it at, cost drivers more than £1.6 billion last year, with supermarkets’ margins roughly double what they were in 2019.
Simon Williams, the head of policy at RAC, said: “To see that drivers have paid £1.6 billion