Motorists still being ripped off at the pumps as fuel retailers keep profits high ...Middle East

The Sun - Sport
Motorists still being ripped off at the pumps as fuel retailers keep profits high
source : The Sun ( Middle East ) () 81
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

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