FairFuelUK (FFUK) is calling for an investigation into the UK fuel market. FFUK wants the Office of Fair Trading (OFT) to take the issue on, after a report commissioned for G20 Finance Ministers warned oil traders may have been artificially inflating wholesale prices. It also wants the financial regulators to look at whether traders and speculators have, in the style of the banks and the Libor rate, “fiddled” the benchmark trading price for oil. In a statement the campaign group […]
FairFuel UK (FFUK) and its supporters will hold a rall outside the London HQ of the Office of Fair Trading (OFT) on Monday (15 July) as the campaign group renews calls for a fair and transparent investigation into oil pricing.
FairFuelUK (FFUK) has published new research “that blows the current thinking around fuel duty out of the water”, according to the head of the campaign.
Calls have been made for further investigations in the UK into alleged price-fixing in the oil industry, after European anti-trust regulators confirmed they had carried out raids on several firms involved in the sector.