Watchdog puts UK fuel retailers ‘on notice’ over profiteering from Iran war
Competition and Markets Authority will closely monitor pump prices to stop profits being ramped up amid crisisThe UK competition watchdog has warned fuel retailers it is stepping up its monitoring...
By Richard Partington Senior economics correspondent · The Guardian World
Competition and Markets Authority will closely monitor pump prices to stop profits being ramped up amid crisis The UK competition watchdog has warned fuel retailers it is stepping up its monitoring of pump prices amid concern over profiteering as the US war with Iran drives up wholesale costs. The Competition and Markets Authority (CMA) said firms responsible for thousands of filling stations across the country had been “put on notice” amid a wider government crackdown to stop bosses ramping up profits at the expense of consumers. Continue reading...