UK Authority Finds “Cause For Concern” In High Fuel Prices

The UK’s Competition and Markets Authority (CMA) launched on Friday an in-depth market study of the domestic road fuel market after finding “cause for concern” in a rising gap between crude oil prices and wholesale fuel prices. The authority was asked last month by UK Business and Energy Secretary Kwasi Kwarteng to carry out an urgent review of the retail fuel market to see whether retailers have passed on the government’s fuel duty cut from March to filling stations. The investigation comes as the average price of filling…