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British drivers are currently dealing with steep petrol and diesel prices, which the RAC has deemed to be excessively elevated. The motoring group has stated that fuel retailers are capitalizing on the distraction caused by the general election to maintain consistently high profit margins.
The RAC has urged the UK’s competition authority to swiftly intervene and align retailers with fair pricing practices. However, a representative body for fuel retailers has countered, citing increased operational costs and the necessity to invest in new electric vehicle technologies as reasons for the elevated prices.
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