Rishi Sunak Kwasi Kwarteng Shell Britain Russia city Birmingham COST Action Rishi Sunak Kwasi Kwarteng Shell Britain Russia city Birmingham

Pump action? UK motorists await report on painful petrol prices

Reading now: 249

Darren Briggs was queueing to pay at his local Shell garage in Pembrokeshire when his blood began to boil. An irate holidaymaker was accusing the retailer of ripping him off on the price of petrol, which was apparently 15p cheaper at a Tesco near home in Birmingham.Briggs, who owns the petrol station operator Ascona, couldn’t help but step in. “I explained to him that there are varying time lags on the pricing of fuel depending on different retailers’ contracts.

It was a lightbulb moment for him,” says Briggs.The eye-watering prices at Britain’s pumps will come under scrutiny this week as the Competition and Markets Authority (CMA) delivers the results of a “short and focused” review into the market on Thursday.The chancellor, Rishi Sunak, announced a 5p-a-litre cut in fuel duty in March’s spring statement but, with petrol and diesel at record highs, the business secretary, Kwasi Kwarteng, asked the CMA last month to investigate whether the cut had been passed on, amid accusations of profiteering.

Read more on theguardian.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News