The price of diesel fell to £1.47 in May but the RAC argues the price should be cut further.
Diesel prices fell by a record 12p per litre on average in the UK last month, according to the RAC.
But the motoring group argued the drop in price was "both long overdue and smaller than it should be" due to wholesale prices being lower. The motoring group has suggested that prices have not come down as fast or by as much as they should have, noting that prices were significantly lower in Northern Ireland.
The watchdog said it was "concerned about the sustained higher margins on diesel compared to petrol" so far this year. "What's happened to the price of diesel in May will no doubt give the CMA something to think about," Mr Williams said. "We strongly hope the pump price reductions continue as they should."
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