The chancellor says she shall be assembly with the bosses of supermarkets and banks later this week, as she seeks to minimise the influence of the rising price of oil.
Rachel Reeves added that the buyer watchdog, the Competition and Markets Authority has "stepped up their statutory monitoring of fuel prices" because the battle started, amid accusation of "price gouging".
"This government will not tolerate any company exploiting this crisis at consumers’ expense," she insisted.
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