UK Drivers Overcharged £1.6bn on Fuel in 2023, Watchdog Reports

Competition and Markets Authority urges government to implement real-time fuel price monitoring to protect consumers.

Retail fuel margins remain significantly above historic levels, costing drivers £1.6bn last year.
Supermarkets' fuel margins have doubled since 2019, contributing to higher costs.
Current voluntary price data-sharing covers only 40% of forecourts, limiting its effectiveness.
A proposed 'pumpwatch' scheme could save drivers up to £4.50 per fill-up by providing real-time price data.
The CMA calls for swift legislative action to enforce comprehensive fuel price monitoring.