 watchdog found drivers paid an extra 6p per litre for fuel last year amid increased supermarket profit margins Ministers will change the law to help motorists find the best prices more easily - and to monitor for excess profits. It comes as the Competition and Markets Authority (CMA) watchdog found drivers paid an extra 6p per litre for fuel last year as weak competition allowed supermarket to boost their profit margins. The Prime Minister's official spokesman said: "It isn't right that at a time when people are struggling with rising living costs, drivers aren't receiving a fair deal for fuel instead of being overcharged by retailers. "That's why we will be setting up a new scheme to enable motorists to conveniently find the best fuel prices in real time and easily identify who is charging fair prices and possibly leaving and who is not. "We will change the law to force retailers to provide up to date price information, increasing transparency and competition and competition, and in turn driving down prices and easing people's cost of living. "New powers will also be handed to a public organisation yet to be decided to closely monitor the UK road fuel market, scrutinise prices and alert Government if further intervention is needed in the market." This breaking story is being updated... Get UK politics insight with our free daily email briefing straight to your inbox){kind=link}
It comes as the Competition and Markets Authority (CMA) watchdog found drivers paid an extra 6p per litre for fuel last year amid increased supermarket profit margins
Fuel retailers will be forced to provide up to date price information to drivers to prevent profiteering at the pumps, Downing Street has said.
Ministers will change the law to help motorists find the best prices more easily – and to monitor for excess profits.
Under the plans, pricing data will be made available for third parties to allow for the creation of price comparison apps and websites.
It comes as the Competition and Markets Authority (CMA) watchdog found drivers paid an extra 6p per litre for fuel at supermarkets last year as weak competition allowed stores to boost profit margins.