billythekid
UTC Legend
Fuel prices have dropped twice as fast since petrol stations were warned they were ripping off motorists, analysis has shown.
A Competition and Markets Authority (CMA) report on 8 November accused retailers of failing to pass wholesale cost savings on to customers.
The regulator said the differences between pump prices and wholesale costs in September and October were "significantly above the long-term average".
It took 31 days for prices to decrease by 3.5p per litre from October 8.
However, in just 14 days after the CMA issued its report, prices reduced by 3.75p.
A Competition and Markets Authority (CMA) report on 8 November accused retailers of failing to pass wholesale cost savings on to customers.
The regulator said the differences between pump prices and wholesale costs in September and October were "significantly above the long-term average".
It took 31 days for prices to decrease by 3.5p per litre from October 8.
However, in just 14 days after the CMA issued its report, prices reduced by 3.75p.
Fuel prices fall after petrol stations given 'good prod' by regulator
The drop in fuel costs comes ahead of the government planning to force retailers to share daily price data, with the Competition and Markets Authority set to be given greater power to report on any unjustified increases.
news.sky.com