BREAKING: Drivers paying more for fuel due to weakening competition between retailers, regulator says
Asda has also been fined £60,000 for a failure to provide information when required, the regulator added.
It comes in the Competition and Markets Authority's final report in its year-long investigation into the fuel market. As part of the investigation, the watchdog examined whether there was"any failure in competition" which was leaving consumers paying higher fuel prices than they should be. It determined that competition has"weakened" as Asda and Morrisons decided to increase the amount of money it makes on fuel and Sainsbury's and Tesco have priced by comparison to local competitors rather than responding to cost movements in the market.
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