Commenting on the Competition and Market Authority’s update, Gordon Balmer, Executive Director of the Petrol Retailers Association said:
“The CMA have made supermarkets the focus of their update, noting only that non-supermarket retailers are traditionally price followers in the market.
“As noted by the CMA, petrol and diesel prices are still volatile due to the ongoing war in Ukraine. The market is very dynamic and independent forecourts are in many cases undercutting supermarkets on price. Our advice to motorists remains to shop around.
“We have cooperated with all of the CMA’s requests for information and will continue to do so as they prepare their final report to be released.”
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.