December 6, 2022

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The UK has a fuel dream and wants to review the market - Hour Times

The UK has a fuel dream and wants to review the market – Hour Times

British Commerce Secretary Kwazi Quarteng said on Sunday that the investigation would find out why fuel prices are always rising so fast (Image: REUTERS / Phil Noble)

The British government asked the competition regulator UK Review of the Retail Fuel Market to see if the tax cuts are being passed on to consumers as prices at the pumps Gas Reached an unprecedented level.

Fuel prices will always rise quickly, but will fall slowly, an inquiry will find out, British Commerce Secretary Kwazi Quarteng said on Sunday.

Price Petroleum Driven by the invasion of and increased worldwide Russia At Ukraine And economies reopen after the epidemic.

In March, the UK ப 5 billion ($ 6.2 billion) a year reduced the fuel tax by 5 cents per liter.

But prices continue to rise, and for the first time in the past week the average cost of a family car fuel has risen to £ 100, according to data company Experian Catalyst.

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