Fuel costs: Watchdog to investigate refinery prices


 

The Competition and Markets Authority (CMA) is to launch an indepth investigation into fuel refinery prices after raising concerns about the gap between the price of crude oil when it enters refineries, and the wholesale price when it leaves refineries as petrol or diesel. The move follows the CMA’s review of fuel prices, published last week. The review was commissioned by the government last month in the midst of rapidly spiralling fuel prices and claims that fuel retailers were profiteering and […]