The UK government has ordered an “urgent” investigation into fuel station operators amid concerns some are pocketing the multi-billion-pound cut to fuel duty, which was originally intended to alleviate the pressure on households.
In a letter to the Competition and Markets Authority (CMA), Business Secretary Kwasi Kwarteng expressed concerns that the 5 pence-a-litre reduction had not stopped prices from soaring.
“Drivers should be getting a fair deal for fuel across the UK,” he said. “The British people are rightly frustrated that the £5 billion [$6 billion] package does not always appear to have been passed through to forecourt prices.”
He asked the CMA to conduct an “urgent” review of the fuel market to explore “whether the retail fuel market has adversely affected consumer interests.”…