FairFuelUK Calls on Office of Fair Trading to Act
On the eve of the much awaited decision by the Office of Fair Trading as to whether to launch a full scale inquiry into the UK petrol/diesel market Quentin Willson, national spokesman for FairFuelUK said, 'This market has been hiding itself in the long grass for far too long and consumers have a right to transparency, honesty and fair pricing. We want to know how wholesale prices are calculated, why wholesale prices move, why it takes so long for falls in crude oil to appear at the pumps, why diesel is so more expensive than unleaded and why some fuel retailers can charge up to 8 pence more per litre than others often in the same area. Its mischievous that this market has stayed so resistant to scrutiny for so long.'
Peter Carroll, FairFuelUK's founder says,'Tomorrow's report by the OFT should call for a landmark full investigation into why the UK road fuel market is so dysfunctional with its regional variations, slow price falls, apparent market monopolies and pump prices that are measured in nine-tenths of a penny. There is a suspicion that some people are making a lot of money speculating in the petrol & diesel that are essential for every family and business in the country. This needs to be fully examined and these suspicions addressed’.