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Noting regional disparities in petrol costs, the Spelthorne MP requested for suggestions to “strengthen competitors” within the petrol market by early July.
Mr Kwarteng mentioned: “Drivers ought to be getting a good deal for gasoline throughout the UK.
“The British individuals are rightly annoyed that the £5 billion package deal doesn’t all the time seem to have been handed via to forecourt costs.
“I’m writing to you to ask that the CMA conduct an pressing overview of the gasoline market … to discover whether or not the retail gasoline market has adversely affected shopper pursuits.”
The competitors watchdog has beforehand made Asda and Morrisons dump various forecourts throughout personal fairness acquisitions.
Final Tuesday, knowledge agency Experian Catalist revealed the typical worth of petrol on the pump had reached a report 180.7p.
Jack Cousens, the AA’s head of roads coverage, welcomed Mr Kwarteng’s transfer however known as for “extra pressing motion”.
“To alleviate strain on the pumps we’d like an instantaneous 10p lower to gasoline obligation,” he argued.
“Long term, the CMA ought to think about extending the pump worth transparency obtainable in Northern Eire to the remainder of the UK.
“The Client Council’s gasoline worth checker stimulates competitors and has led to drivers there having fun with the bottom gasoline costs within the UK.”
It comes as the price of filling up a household automotive has exceeded £100 for the primary time ever.
RAC gasoline spokesman Simon Williams mentioned the typical worth of petrol crossing the “completely miserable threshold of £100 a tank” meant it was “a very darkish day” for drivers.
He went on: “There’s nearly definitely going to be upward inflationary strain, which is unhealthy information for everyone.
“Whereas gasoline costs have been setting new information each day, households up and down the nation could by no means have anticipated to see the price of filling an average-sized household automotive attain three figures.”
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