PRA Responds to Road Fuel Interim Monitoring Update

The PRA has hit back at the CMA’s criticism of fuel prices. The consumer protection body was critical of fuel margins in its Road Fuel Interim Monitoring Update published on 09 November 2023. Gordon Balmer, executive director at the PRA, said fuel retailers have had no choice but to maintain their margins to pay for the massive increases in their operating costs.

Responding to the Competition and Markets Authority’s publication of their interim monitoring update, Gordon Balmer, Executive Director of the Petrol Retailers’ Association, said:

“We are pleased to see the depth of participation in the CMA’s interim fuel price transparency scheme. We will continue to work closely with the CMA as they develop their permanent scheme.

“With the volatility of the global fuel market, it is important that motorists are given the opportunity to search for the cheapest prices available to them. As always, I would encourage motorists to shop around to find the best deals possible.”