Julie Marson, MP for Hertford and Stortford, has today called out leading supermarket fuel retailers after an investigation found that increased supermarket profit margins led to drivers paying an extra 6p per litre for fuel last year.
In addition, the investigation, led by the Competition and Markets Authority (CMA), found that competition had "weakened" as Sainsbury's and Tesco, who operate fuel stations in Mrs Marson’s constituency, were identified as utilising “passive pricing policies”, pricing by reference to local competitors rather than responding promptly to cost movements.
In 2022, the Government cut fuel duty by 5p to assist motorists with the cost of living.
Sarah Cardell, Chief Executive of the CMA, said that it needed “to be easier for drivers to compare up-to-date prices so retailers have to compete harder for their business”, advocating for a fuel finder scheme so that consumers can see real-time fuel costs.
Last week, Julie wrote to five fuel operators with stations in her constituency: Tesco, Sainsbury’s, Esso, BP and Shell. This followed her experiences of seeing great disparities in fuel prices simply by driving across her constituency and to neighbouring areas.
In her letter, Mrs Marson called for the retailers to share their comparative pricing data so that “residents can make their own informed choices as to where they purchase their fuel.”
The local MP set these retailers a deadline of Monday 10th July to provide this information by.
Commenting on the CMA’s report, Julie said:
“Motorists in Hertford and Stortford have had such a tough time since Putin illegally invaded Ukraine, paying higher prices at the pump.
“The Government rightly stepped in last year, cutting fuel duty. However, when some retailers are forcing motorists to pay an extra 6p per litre, this saving provided by the Government is totally wiped out. It is totally unfair and I am grateful to the CMA for looking into this.
“I have already taken action by writing to local operators. I look forward to receiving their comparative pricing data shortly.”
Mrs Marson has committed to sharing the data publicly once she receives this.