Fuels: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, with reference to the CMA's First Annual Road Fuel Monitoring Report, what assessment he has made about the extent of competition in the road fuel retail market.
Answered by Martin McCluskey
The Government notes the Competition and Markets Authority’s (CMA) annual road fuel monitoring report, which found that fuel margins remain high and are not explained by operating costs.
Addressing the CMA’s findings, the Government is implementing Fuel Finder, a statutory open data scheme for road fuel prices to improve price transparency and incentivise competition in the market from both supermarket and non-supermarket retailers. The CMA also has statutory powers under the Digital Markets, Competition and Consumers Act 2024 to monitor the market and advise on any further action.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →