The trade body’s explosive intervention came after Rachel Reeves asked the competition watchdog to crack down on ‘rip-off’ fuel prices amid the Iran war

The authority warned in December that retailers’ fuel margins remained ‘persistently high’

The chancellor and energy secretary to meet energy bosses to warn against profiteering amid soaring oil prices

Ed Miliband says the competition watchdog is primed to intervene if firms use the oil price shock to "rip off" customers.

The trade body’s explosive intervention came after Rachel Reeves asked the competition watchdog to crack down on ‘rip-off’ fuel prices amid the Iran war