The Competition and Markets Authority has concluded that petrol retailers are still not offering road users the best price at the pumps, despite an overall drop in the wholesale price of fuel.
The CMA is claiming that a petrol price comparison website could help to ignite some competition in the market and help drivers get a better deal
The average UK petrol price for a litre has fallen to 144p, with lowest it has been since January 2022
For the first time since the start of the Russian invasion, petrol prices in the UK have begun to stabilise, with the AA reporting that the average cost of a litre of fuel is now below £1.50.
RAC Fuel Watch reports that the petrol price fell in November by an average of 6p, although the real savings were not seen by consumers