Motorists still being ripped off at the pumps as fuel retailers keep profits high
MOTORISTS are still being ripped off at the pumps as fuel retailers keep profits high, the competition watchdog warned.
Despite falling global oil prices, supermarkets and petrol stations are pocketing more cash — with profit margins climbing since April.
The Competition and Markets Authority said supermarket profits on fuel jumped from 7 to 8.1 per cent a litre between April and August.
Other retailers raked in even more — boosting margins from 7.8 to 10.2 per cent.
The organisation’s Dan Turnbull said: “Drivers are paying more for fuel than they should be as they continue to be squeezed.
“We remain concerned about weak competition.”
Chancellor Rachel Reeves used her first Budget to freeze fuel duty for a 15th historic year in a win for drivers and The Sun’s Keep It Down campaign.
But the AA said those savings are being swallowed up by fuel prices which “will stir anger”.
Electric car drivers are still being hit by sky-high costs at public rapid chargers, paying 79.19p per kwh, 28 per cent up on two years ago.
It is 7p at home.