The PetrolPromise campaign has signed up its 70th MP in support of its push for an Office of Fair Trading (OfT) investigation into the price of fuel. Julian Smith, MP for Skipton and Ripon, becomes the 70th MP to lend his support to the campaign, which was set up by MP Robert Halfon MP. Halfon is garnering support in a bid to get the Backbench Business Committee to timetable a parliamentary debate on his motion this autumn. Halfon’s motion calls […]
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,” […]
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, […]
The price of fuel has little effect on the profitability of logistics companies and isn’t the primary cause of failures in the industry, the Motor Transport Directors’ Club was told last month.