Friday, September 14, 2012

Oil market will be investigated over price-rigging fears, ministers promise

Oil traders will be investigated over allegations they rigged the market and pushed up petrol prices for millions of drivers, the Government said tonight.


John Hayes, an energy minister, will ask financial regulators to look into the oil market after 80 MPs demanded to know why drivers are paying so much at the pump. Speaking in the House of Commons, he promised to write to the Financial Services Authority highlighting concerns about the oil market.  In addition, he said the Bank of England will expand its inquiry into Libor




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[ posted by Andrew Jenkins, 16.09.12 10:42 ]

Just returned from Spain and diesel per litre is £1.18. I am annoyed we are getting ripped off by this government, I took Norman Tebbits advice years ago and ''got on my bike'' to work. I commute 500 miles a week to work and the fuel costs are crippling me . Something ought to be done as its daylight robbery, its affecting a lot of hard working people.
We go to work and pay our taxes and taxed even more to get to work !!

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