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 […]
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,” […]
A windfall tax should be applied to the UK oil sector with the resulting revenues used to cut fuel duty, if the EC’s investigation into alleged price-fixing confirms widespread malpractice, it has been suggested.