PETROL RETAILERS ASSOCIATION RESPONDS TO CMA REPORT

Responding to the Competition and Market Authority’s (CMA) observations on developments in the road fuel retail market since the previous update in July 2024, Gordon Balmer Executive Director of the Petrol Retailers Association said.  

“Petrol retailers continue to price fuel as low as possible in a highly competitive market while grappling with rising costs in the form of business rates, National Insurance, National Minimum Wage and electricity. While I am pleased that the CMA has acknowledged these increased costs as a factor, they have still not incorporated them into their analysis, leaving it incomplete. 

“We have supported the CMA throughout their investigation and will continue to do so by providing information and evidence that clearly outlines how the surge in fixed costs is impacting pump prices and the steps needed to address it. I look forward to seeing the CMA incorporate these statistics into their next report. 

“Until the Government’s fuel price transparency scheme is introduced, I would urge motorists to use apps like petrolprices.com to find the best deals available to them.”