FairFuelUK (FFUK) has received more than 15,000 signatures of support in the past day backing its call 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, […]
FairFuelUK and its backers were joined by 100 MPs at the Houses of Parliament on Monday [4 March], where 40 MPs signed a letter calling upon the chancellor to cut fuel duty.
MPs have backed Robert Halfon’s private members bill tabled today (16 October), which calls for the tax take on fuel to be printed on every forecourt receipt. The Conservative MP for Harlow, and founder of the PetrolPromise campaign, is calling for the complete tax breakdown (duty and VAT) to be printed on all till receipts issued by fuel retailers. “This initiative will serve as a real wake up call to all users of road fuels; petrol or diesel,” said Road […]
FairFuelUK (FFUK) is preparing it’s strongest argument yet as to why the government should stop raising fuel duty and actually lower it instead. An economic modelling study, funded by FFUK backer RHA, has been carried out by the National Institute of Economics and Social Research, and is predicted to reveal further duty rises will be “devastating for the economy”. “We have issued an invitation to the Treasury to sit down with us and go through the findings of this research,” […]