Ministers warn petrol retailers over prices in meeting
Chancellor Rachel Reeves has warned petrol retailers of a "shared obligation" to keep prices down for motorists amid soaring prices and war in the Middle East.
Some fuel retailers are "losing money" on diesel sales following the spike in wholesale prices witnessed since the start of the Middle East conflict, according to the industry.
The UK's largest supermarkets are calling on the chancellor to exclude stores from a new business rates surtax, warning that shoppers will bear the brunt of higher prices.
The prime minister is "weighing up his options" ahead of a cabinet meeting on Tuesday morning after top ministers told him he should set a timetable for his departure.
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