Sunday, December 6, 2015
Oil Companies are the only business group to snub MPs APPG and so avoid explaining their role in how prices are set at the pumps. Why is that? Read on....

On Tuesday December 8th in Westminster and initiated by the FairFuelUK Campaign, MPs across all Parties, from the APPG for Fair Fuel for Motorists and Hauliers, will be putting pertinent questions to those businesses involved in the vehicle fuel supply chain regarding pump pricing.

This is an informal inquiry for MPs / APPG to understand in more depth how prices at the pumps are calculated and changed in relation to market influences and commercial decisions. The millions of supporters of FairFuelUK firmly believe in the widely reported ‘rocket and feather pricing syndrome’ where pump prices do not reflect oil price movements in a fair and accurate way.

When oil prices rise FairFuelUK supporters have shown that on average, pump prices increase within days but when oil prices decrease they take more than 2 to 3 weeks to benefit consumers. In many cases even longer and by not the expected amounts. For example, in the Summer of 2015 when diesel wholesale prices fell below those of petrol it took retailers nearly 6 to 8 weeks to mirror this at the pumps. In France prices at the pumps are adjusted daily.

FUEL SUPPLY CHAIN BUSINESSES ATTENDING APPG:

Businesses being quizzed by the APPG Chairman Jason McCartney MP and other MPs include supermarket fuel retailer ASDA, Harvest Garages, Prax Petroleum, Portland Fuel, the Petrol Retailers Association, Platts, Keyfuels, fuel card businesses, downstream consultants and also fuel price campaigning groups lead by FairFuelUK, RHA, FTA, and the RAC Foundation.

Jason McCartney MP said: ‘I am delighted to help in any way to get to the bottom of how fuel prices are decided. Every car owner knows prices go up like a rocket but fall like a feather. We all want to know the commercial factors that influence pricing, both those the industry control and those they don’t. Our findings from this unique APPG Inquiry will be sent to the Chancellor.’

Stop Press: OIL COMPANIES SNUB APPG AT THE LAST MINUTE:

Up until last Friday the major Oil Corporations were willing to attend the APPG Inquiry and be probed by the APPG via their representative trade body, the UK Petroleum Industry Association (UKPIA). But sadly at the very last minute they have decided to not attend. Nunzia Florio, the UKPIA’s Communications Director, cited reasons of market confidentiality for their eleventh hour about-turn to not take part. He has also suggested that a competition lawyer should be involved in this APPG event.

Quentin Willson, Lead Campaigner of FairFuelUK said: ‘We are holding this unique fuel pricing inquiry because the public want to know why pump prices rise overnight but habitually take weeks to fall. Everybody’s mystified by this and it’s now time we were told the truth. MPs and FairFuelUK are disheartened that the oil industry have decided they won’t willingly contribute to our inquiry. We’d like to think it isn’t because they’ve got something to hide.’

Howard Cox, founder of the FairFuelUK Campaign said: ‘Following the last OFT pricing inquiry whitewash, the 37m drivers across the UK will be delighted that MPs have listened to their concerns about pump prices and are to grill the businesses involved. But they will be fuming that the major oil companies have chosen not to be there. This deliberate snubbing of MPs to explain their influence on pump prices shows they must have something to conceal. They must be held to account.’

FairFuelUK Supporter Roland Marshall from the Wirall said following recent falling oil prices: 'I noticed last week that Shell put their prices up again to £1.12 unleaded and £1.16 diesel, and this weekend they have gone up to £1.18 unleaded and £1.20 diesel...how can they be allowed to do this? Yet Asda have the lowest on the Wirral 99.7 unleaded and £1.03 diesel.'



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[ posted by Ron Jenkins, 06.12.15 18:16 ]

Still no explanation for the extra cost of diesel!

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[ posted by Vernon passmore, 06.12.15 18:34 ]

As with the banks, utilities and fuel companies they continue to snub past and present governments and sadly not just Tory ones.

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[ posted by Mary Driver, 06.12.15 18:39 ]

I get very angry when the price of oil falls but the motorists have to wait weeks to see any of the cut on the forecourt and even then it's a pittance! Yet when oil prices rise we are ladened with the increase within hours. We have a shell garage in Northampton whose prices on petrol and diesel go up and down like a yo yo but still they are high prices even with cuts. It's about time the government stepped in and stopped the oil companies profiteering from the general public and lower fuel prices to a realistic price reflecting the low oil price!

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[ posted by James jordan, 06.12.15 19:17 ]

They are way too greedy

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[ posted by Sandy Oliphant, 06.12.15 20:56 ]

As you say, Fizzing. With the Oil co's not showing, it makes me feel they have something to hide. Market confidentiality? They must think we came up the Clyde in a banana boat. Don't make me laugh boys, and come clean.

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[ posted by Andrew Hardwick , 06.12.15 22:58 ]

Two weeks ago in Lithuania I was paying 76p for a litre of diesel. Work that one out! Just greed here..... Sheer greed!

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[ posted by Thomas mccaw, 07.12.15 07:32 ]

As said the fuel price rises quickly enough but when the price of oil falls it takes for the price to fall this lot are just taking us for a ride

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[ posted by Tony Shaw, 07.12.15 10:03 ]

As always, profit and bonuses are at the heart of this. customer loyalty and satiisfaction is of no interest at all.

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[ posted by Margaret, 07.12.15 10:27 ]

When I worked in a petrol station I was amazing at how often prices were changed, weekly sometimes several times a week. The manager would ride around the area looking at what others petrol station s prices were, then phone head office and a price was worked out over the phone. I never realised it was done that way. When I travel to my daughters ong the south coast I am amazed at the variation of prices from one place on another. Sometimes as much as 15 a litra difference. Same brands prices are different as well.

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[ posted by Derek Sleight, 07.12.15 15:29 ]

Where are the supermarkets as well? Only Asda attending.

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