Mr Miliband told them: “We have said so clearly that we won’t tolerate unfair practices either here or anywhere else in the industry. It is out obligation as the Government to ensure the consumers are treated fairly in this crisis.”
It comes after the Chancellor called on the competition watchdog to “crack down” on “rip-off” fuel prices.
She wrote to the Competition and Markets Authority (CMA) asking it to stay on “high alert” for “unjustifiable” price hikes.
She said: “I will not tolerate any company exploiting the current situation to make excess profits at consumers’ expense. I’m backing drivers and families – and I expect a fair deal at the pump.”
Ms Reeves has faced demands from the Tories and Reform UK to scrap the Government’s planned 5p hike in fuel duty amid the Iran conflict as fears grow over the impact on the cost of living.
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Prime Minister Sir Keir Starmer has said he will keep the situation “under review”.
The RAC said the average price for a litre of unleaded had risen by 8p since the start of the crisis, with the cost now its highest for 18 months.
