New laws to force greedy service stations and supermarkets to reveal if they are overcharging Brits will finally come forward today.
Retailers could be fined tens of thousands of pounds if they refuse to hand over details of their prices to the Competition and Markets Authority .Competition chiefs are already probing whether there is a postcode lottery across the UK.Earlier this year they found some supermarkets had failed to pass on savings in oil prices to hard-up motorists.Some were charging up to 6p per litre more for fuel - raking them in nearly £1billion a year extra in 2022.
"Those that fail to be transparent then could face serious financial penalites, including a fine of up to one per cent of worldwide turnover, or an ongoing fine of five per cent of daily turnover."Any retailer seen to be unfairly ramping up prices, will be held to account."Drivers deserve to know they are getting a fair deal at the fuel pumps and that is exactly what our plans will do.