Motorists still being ripped off at the pumps as fuel retailers keep profits high

Motorists still being ripped off at the pumps as fuel retailers keep profits high …C0NTINUE READING HERE >>>

MOTORISTS are still being ripped off at the pumps as fuel retailers keep profits high, the competition watchdog warned.

Despite falling global oil prices, supermarkets and ­petrol stations are pocketing more cash — with profit ­margins climbing since April.

The Competition and Markets Authority said supermarket profits on fuel jumped from 7 to 8.1 per cent a litre between April and August.

Other retailers raked in even more — boosting margins from 7.8 to 10.2 per cent.

The organisation’s…

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