Some petrol companies ‘take advantage’ of high oil prices to hammer motorists, suggests Michael Gove

Some petrol companies may be “taking advantage” of high oil prices to hammer motorists at the pumps, Michael Gove has suggested.

The leveling secretary said the government would intervene if it appears that they are making “excessive profits” as a result of the war in Ukraine.

His comments came when car users were confronted with having to spend £100 to fill their tanks.

Prices in the forecourt have skyrocketed in recent days, adding further misery to those already suffering from the cost of living crisis.

That’s despite Chancellor Rishi Sunak taking 5 cents off the fuel tax during the April spring statement.

Speaking to Sky News, Gove said ministers are “monitoring” the situation to ensure drivers are not being ripped off.

He said: “The situation is difficult for many people and of course it is all a result of the war in Ukraine, and we do not know how the shock waves from that war will continue to affect the energy market and the price of gasoline for people. who are having a hard time.

“We have taken action to try and cope with the situation – the Chancellor has cut fuel taxes – and of course we are monitoring all measures needed to help people with living costs.

“One of the things we do have to do is make sure that every gas station, every point of sale makes sure that it doesn’t take advantage of this situation to build excess profits.

“I think we need to keep an eye on this and I know that the Competition and Markets Authority and others will always keep an eye out to make sure we don’t get into a situation where companies take unfair advantage of consumers. †

This is a latest news item and will be updated. Follow HuffPost UK on TwitterFacebook and Instagram.

Leave a Comment