Government accuses petrol stations of ripping off consumers ...News

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Government accuses petrol stations of ripping off consumers
UK says retailers may not be passing on price cuts UK Business and Energy Secretary Kwasi Kwarteng ordered the Competition and Markets Authority (CMA) on Saturday to investigate whether fuel retailers have passed on a 5-pence-per-liter price reduction to consumers. Petrol and diesel prices have reached record highs in the UK, partly as a result of the government’s own embargo of Russian oil imports. The British government reduced the fuel duty by 5 pence (6 US cents) per liter in March in a bid to insulate motorists from soaring petrol and diesel costs. However, after a dip of several pence at the beginning of Apr

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