The Office of Fair Trading (OFT) has today (5 September) issued a call for information on the UK petrol and diesel sector, in order to identify whether there are competition problems it can investigate. “We are keenly aware of continuing widespread concern about the pump price of petrol and diesel and we have heard a number of different claims about how the market is operating,” said Claire Hart, director in the OFT’s Services, Infrastructure and Public Markets Group. “We have […]
The European Commission (EC) has extended the deadline for the completion of its investigation into FedEx’s proposed acquisition of TNT.
The Office of Fair Trading (OFT) will publish the result of its call for information on the UK petrol and diesel market on Wednesday (30 January). The report is expected to identify whether there are any competition concerns within the UK fuel market to warrant the launch of an investigation. The OFT began gathering information from the industry, motoring groups and consumer bodies in September, and its decision has been awaited keenly. Pressure group PetrolPromise has been pushing for a […]
Volvo Group has made a €400m (£317m) provision after being notified by the European Commission (EC) that it is suspected of involvement in a cartel, along with several other heavy- and medium-duty truck manufacturers.