Urgent Review Ordered as UK Fuel Prices Reach New High

Urgent Review Ordered as UK Fuel Prices Reach New High
Motorists queue for fuel at an Esso petrol station in Ashford, Kent, England, on Oct. 4, 2021. Gareth Fuller/PA
Alexander Zhang
Updated:

The UK government has ordered an “urgent” investigation into fuel station operators amid concerns some are pocketing the multi-billion-pound cut to fuel duty, which was originally intended to alleviate the pressure on households.

In a letter to the Competition and Markets Authority (CMA), Business Secretary Kwasi Kwarteng expressed concerns that the 5 pence-a-litre reduction had not stopped prices from soaring.