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Saturday 01 September 2018 4:41 pm

Petrol station merger could drive up fuel prices, watchdog finds

By: Jessica Clark

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Motor Fuel Group's (MFG) takeover of petrol station supplier MRH could drive up prices, the competition watchdog has found.

An investigation by the Competition and Markets Authority (CMA) said the merger could increase fuel prices at 29 locations across the UK.

Read more: Petrol prices soar to four-year high on back of weak pound

Competition provided by other major petrol retailers and supermarkets means the takeover will not result in higher prices for drivers across the country as a whole. 

MFG must address the concerns before 7 September, and will be referred for an in-depth investigation if it is unable to do so, the CMA said.

MFG is the second largers independent forecourt operator in the UK with 438 stations. MRH is the largest, with more than 450 sites.

Read more: Petrofac wins major oil contract as profits jump

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