What are the two main factors identified as driving up fuel prices?
Rising cost of fuel

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Business, Architecture, Engineering
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increase in global crude oil prices and retail margins
Retail margins and the falling value of the pound
Increase in global crude oil prices and the gap between crude oil and wholesale prices
The gap between crude oil and wholesale prices and retail margins
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the CMA, what has remained largely unchanged despite rising fuel prices?
The value of the pound
The margin between wholesale and retail prices
The retail price of petrol and diesel
The global crude oil prices
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action has the CMA suggested to help motorists with fuel prices?
Increasing VAT
Cutting fuel duty
Reducing wholesale prices
Sharing real-time price information
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of the price of a litre is made up of VAT and fuel duty after a 5% VAT reduction?
35%
40%
45%
50%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long might it take for the CMA to report back on their investigation?
Six months
Two years
One year
Three months
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