FairFuelUK Backs MP's Motion for OFT Fuel Investigation BUT the central and main campaign aim is to get a significant cut in Fuel Duty Taxation in order to stimulate economic growth
FairFuelUK is supporting a Parliamentary Early Day Motion tabled yesterday by Robert Halfon MP which urges the Office of Fair Trading to reconsider Wednesday's shock decision not to hold an 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