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<p>I believe that it is essential that consumers get a fair deal and that falls in
oil prices are passed on to lower retail prices. A competitive market is the best
way to keep prices low.</p><p> </p><p>Fuel pricing is subject to UK competition law
under the Competition and Markets Authority, and we do not believe that an independent
body to regulate fuel pricing is necessary.</p><p> </p><p>The Department closely monitors
average retail petrol and diesel prices and publishes these data regularly. <a href="https://www.gov.uk/government/statistical-data-sets/oil-and-petroleum-products-weekly-statistics"
target="_blank">https://www.gov.uk/government/statistical-data-sets/oil-and-petroleum-products-weekly-statistics</a>.</p><p><strong>
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