Drivers nonetheless pay an excessive amount of for gas, warns watchdog | EUROtoday

Drivers are nonetheless paying an excessive amount of for gas, the UK’s competitors watchdog has warned, with costs costing motorists £1.6bn final yr alone.

The Competition and Markets Authority (CMA) mentioned that weakened competitors within the gas sector is impacting drivers’ wallets.

It discovered that supermarkets’ revenue margins – which is the distinction between the value they purchase gas at and what they cost motorists – had doubled since 2019.

“When it involves street gas, the straightforward reply is that drivers are nonetheless paying an excessive amount of,” CMA chief government, Sarah Cardell informed the BBC’s Today programme.