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We're taking action to help contain rising cost of living pressures in #fuel and #grocery markets.
gov.uk/government/new…
Read our thread⬇️
gov.uk/government/new…
Read our thread⬇️
⛽We’re continuing our market study into road #fuel.
While the evidence shows that the majority of fuel price increases are due to global factors, the higher pump prices #drivers are paying also appear in part to reflect some weakening of competition in the market.
While the evidence shows that the majority of fuel price increases are due to global factors, the higher pump prices #drivers are paying also appear in part to reflect some weakening of competition in the market.
In fact, evidence we’ve seen so far indicates that fuel margins have increased across the retail market, including for supermarkets, over the past 4 years.
We’re also concerned about the sustained higher margins on #diesel compared to #petrol we’ve seen this year. 📈
🛒 In the groceries market: We’ve been tracking competitiveness over recent months, and launching projects, such as our recent work on unit pricing: gov.uk/cma-cases/unit…
🛒 We know global factors have been the main factor in price increases, and we’ve not at this stage seen evidence pointing to specific competition concerns, but it’s important to be sure that this market is working well for everyone.
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