Petrol stations across the UK are now subject to substantial fines under new laws designed to safeguard petrol and diesel drivers. The Competition and Markets Authority (CMA) confirmed that from May 1, it possesses the authority to enforce penalties against forecourts that fail to update the Fuel Finder service.
CMA Enforcement Powers
In its latest fuel monitoring report, the CMA stated it can now take enforcement action for non-compliance related to Fuel Finder. Under this crackdown, the CMA may impose strict fines on petrol stations that do not comply.
The CMA indicated that penalties are more likely when one or more of the following factors are present: the breach risks negatively impacting a CMA investigation or consumers; the motor fuel trader has previously failed to comply; the breach is ongoing; the penalty is intended to encourage swift compliance; or the business gained an advantage from non-compliance.
Importance of Price Transparency
The CMA emphasized: “Fuel is an essential purchase. It is vital that people and businesses across the country can see and act upon transparent and timely price information, and that competition works to contain price rises. The impact of the conflict in the Middle East makes it more important than ever to ensure the market is working well for consumers.”
Government Support
Labour Party Chancellor Rachel Reeves commented: “I’m encouraging the CMA to use their new powers to make sure fuel retailers are transparent about their prices by signing up to Fuel Finder. The majority of retailers already do – and I thank them for working with us to make this scheme a success. But 10% have not. That’s why I’m backing the watchdog to be swift in taking action – that includes dishing out fines to those who continue to hide their prices.”
Energy Minister Martin McCluskey added: “Fuel Finder will drive competition up and costs at the pump down by forcing all petrol stations to share their prices.”
