Competition watchdog warns drivers still overcharged on fuel prices

The competition watchdog has revealed that motorists are still paying too much for fuel, a year after its initial investigation. How can you save on fuel costs?

Woman using gas pump to add fuel to her car
(Image credit: © Getty images)

Drivers are still being ‘ripped-off’ at the pumps, overpaying by a collective £1.6 billion, the Competition and Markets Authority (CMA) said. 

The watchdog started its investigation into the fuel prices market in July 2023, but says little has changed a year on, due to the lack of competition among retailers. Supermarket fuel margins - the difference between what a retailer pays for fuel and what it then sells at - are currently at around 8%, double what they were in 2019, according to the CMA. 

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.

With contributions from