CMA and Fuel Pricing Quiz

What forms can tacit collusion take?

• Price leadership

• Direct price fixing

• Government regulation

• Monopoly creation

Why are fuel prices at motorway service stations so much higher than in towns?

• Higher demand elasticity

• Government subsidies

• Lower demand elasticity

• More competition

What are the main findings of the CMA’s July 2024 Interim Report?

• No geographical variations in pricing

• Fuel market has become more competitive

• Retail prices and margins remain high

• Decrease in retailer fuel margins

What is meant by rocket and feather pricing?

• Prices remain constant

• Prices fluctuate randomly

• Prices rise quickly and fall slowly

• Prices rise slowly and fall quickly

What recommendations does the CMA make for increasing competition in the retail road fuel market?

• Statutory monitoring and open data scheme

• Introduce a fuel tax

• Subsidize fuel prices

• Limit the number of retailers

Which company was noted for increasing its profit margins after 2019?

• BP

• Shell

• Tesco

• Asda

What is the role of the CMA in the fuel market?

• Operate fuel stations

• Set fuel prices

• Monitor and report anti-competitive practices

• Subsidize fuel costs

Which of the following is NOT a major company in the road fuel retailing oligopoly?

• Rontec

• EG Group

• Motor Fuel Group

• OPEC