Road Fuel Prices Debate
Full Debate: Read Full DebateDepartment: Department for Energy Security & Net Zero
Richard Fuller
Main Page: Richard Fuller (Conservative - North Bedfordshire)Department Debates - View all Richard Fuller's debates with the Department for Energy Security & Net Zero
(1 year, 4 months ago)
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Graham Stuart
Following this report, the CMA has decided to look into the supermarkets and will report back as soon as next month.
Richard Fuller (North East Bedfordshire) (Con)
I thank the CMA for its report and the Government for accepting the recommendations, although I think we are putting too much faith in price transparency to solve the market problem. I was interested to see in the trend profit margins for supermarket retailers and non-supermarket retailers that supermarkets are consistently increasing their margins while non-supermarket retailers are not. Will the Minister follow up with retailers, in the light of this report, to make sure that we check that the margins come down next year and in the following year?
Graham Stuart
I thank my hon. Friend for his typically penetrating question. As I said, one of the recommendations is to maintain a monitoring function, which will help to give us the market intelligence so that if further intervention is required, we will have the data on which to base it.