The leader of the Welsh national party, Plaid Cymru, has signed up in support of PetrolPromise.com. Elfyn Llwyd is the 69th MP to back the campaign website’s push for an Office of Fair Trading (OFT) investigation into the price of fuel. PetrolPromise, which was founded by Robert Halfon MP, wants the non-tax element of the price of fuel reduced. As well as an OFT investigation, it is calling for a Royal Commission to be set up to investigate how fuel […]
MP Robert Halfon’s fuel price transparency bill has been killed off, having failed to make its passage through parliament in time.
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 […]
Patrick McLoughlin will remain in the role of secretary of state for transport as part of the new Conservative government, it has been confirmed.