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UK road fuel retailers face strict new pricing transparency obligations with threat of fines

By Jakub Krupa ( October 30, 2024, 17:33 GMT | Insight) -- UK fuel retailers will see new obligations to report price changes within 30 minutes and make them publicly available through a new smart data program as the government seeks to act on "hugely concerning" reports of rapidly growing margins and weakening competition in the market. Companies refusing to engage with the program could face hefty fines from the Competition and Markets Authority.UK fuel retailers will see new obligations to report price changes within 30 minutes and make them publicly available through a new smart data program from next year as the government seeks to act on "hugely concerning" reports of rapidly growing margins and weakening competition in the market....

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