PRA RESPONDS TO COMPETITION AND MARKETS AUTHORITY REPORT
PRA 08/12/2022
2022 has seen volatile energy prices as a result of Russia’s invasion of Ukraine. Amid high fuel prices at forecourts, the CMA launched an investigation that culminated in the exoneration of petrol retailers from Government accusations of price gouging.
Responding to the CMA’s recent update, Gordon Balmer, Executive Director of the PRA, said:
“We were entirely transparent and assisted the CMA with their investigation throughout and were pleased when they exonerated us from the unfounded accusations of price gouging.
“The majority of our members are small operators that have worked hard to serve their communities in these unprecedented times. It was irresponsible of the Government to baselessly accuse them of ripping off customers, and we are glad the matter has been resolved.
“We will continue to work with the CMA and provide any evidence they may need concerning their investigation.”
ENDS
NOTES TO EDITORS
“We have seen no evidence – nor is it clear from our analysis – that retailers in aggregate have profited from failing to pass on the fuel duty cut” – page 4, CMA Road Fuel Review
Annaluce Cavalmoretti
RMI Communications Executive
201 Great Portland Street, London, W1W 5AB
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About the RMI
The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.