“Fuel Prices Still Stubbornly High, Even Though They’ve Dropped a Bit”
Drivers are still paying more for a litre than they should, says the Competition and Markets Authority (CMA). Even though prices have dipped since July, the watchdog warns that the race to keep fuel prices low is still uphill.
What the Numbers Tell Us
- Supermarket gas margins climbed from 7 % (April) to 8.1 % (August).
- Non‑supermarket margins jumped from 7.8 % (April) to 10.2 % (August).
- Fuel itself remains “stubbornly high” – still above historic averages.
Dan Turnbull On the Situation
“While fuel prices have fallen since July, drivers are paying more than they should be,” Dan Turnbull, senior director of markets at the CMA, told media. “We’re still worried about weak competition in the sector and the impact on pump prices.”
Why This Matters for Your Wallet
“With the government moving forward on our recommendations, drivers can now find the cheapest fuel wherever they are in the UK,” Turnbull added. “This will increase competition and put more money back into the economy – the more people save on fuel, the more they can spend elsewhere.”
Takeaway
Even if the pump price drops a touch, don’t assume you’re getting a sweet deal. Keep an eye on gas margins and stay savvy about where you refuel. The CMA hopes these moves will help you and others save those hard‑earned pounds.
