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US to probe petrol price gouging claims, Trump says

BBC News·June 24, 2026
US to probe petrol price gouging claims, Trump says

President Trump has announced that the US will investigate claims of petrol price gouging. The probe comes amid concerns that fuel prices remain high despite a decline in global oil prices. Global oil prices had risen due to the US-Israel war with Iran, but have since fallen, although they still exceed pre-war levels. The investigation aims to address suspicions of unfair pricing practices in the petroleum industry.

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