Fleet News

FairFuelUK backs MP's Motion for OFT fuel investigation

Fleet news logo

FairFuelUK is supporting a Parliamentary Early Day Motion by Robert Halfon MP which urges the Office of Fair Trading to reconsider the decision not to hold a full scale inquiry into the UK petrol and diesel markets. The Parliamentary motion notes that the OFT has ignored evidence of market abuse and that over the last ten years the margins for refining, wholesaling and retailing of petrol and diesel have increased by 14 % and 41% respectively.

Quentin Willson, FairFuelUK campaigner, says, ‘Robert Halfon is absolutely right to question the Government on the OFT's decision which shocked the nation.  We have whistle-blower evidence that speculators and commodity houses are pushing up the price of oil and it is common knowledge that the UK road fuel market is anything but transparent. Consumers are confused and angry and want to know why oil and fuel prices keep rising when demand is falling.’

Peter Carroll, founder of FairFuelUK said, ‘There’s an old saying – Justice needs to be seen to be done.  There’s a parallel here.  We need a full scale inquiry to ensure that ‘fairness’ is seen to be done!’


Click here for fuel and fuel cards best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee