Fuel prices remain a rip-off, competition watchdog declares | Business News

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Competition among fuel retailers is “failing consumers” because drivers are still paying too much to fill up, according to regulators.

In an update on its monitoring of the fuel market, the Competition and Markets Authority (CMA) said the cost to all motorists from the previously identified increase in retail fuel margins since 2019 was over £1.6bn in 2023 alone.

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