## UK Watchdog Finds No Widespread Fuel Price-Gouging Amid Rising Costs
**London, UK** – The UK’s competition watchdog has found no evidence of widespread fuel price-gouging, stating that profit margins remained “broadly unchanged” between February and March, despite concerns over rising costs at the pump.
The Competition and Markets Authority (CMA) conducted the review amid public and governmental scrutiny over the rapid increase in fuel prices following the surge in global oil markets. The findings offer a degree of reassurance, indicating that retailers’ profit margins on fuel did not significantly expand in the period leading up to and including March.
While the report offers a sigh of relief on the gouging front, it doesn’t diminish the impact of elevated global oil prices and supply chain dynamics, which remain key drivers of pump costs. The watchdog continues to monitor the market as consumers grapple with the broader cost of living crisis.
