Campaign group FairFuelUK (FFUK) has made a fresh call for the Chancellor to scrap January’s planned 3ppl rise in fuel duty, after figures from the Department of Energy and Climate Change (DECC) showed a sharp fall in fuel consumption. Sales of transport fuels fell 6.3% in the second quarter compared to the same period in 2011, made up of a 10.6% fall in petrol deliveries and a 1.6% fall in diesel deliveries. In all, some 6.2 billion litres of diesel […]
Fuel, food and feed distributor NWF Group, owner of Boughey Distribution, saw pre-tax profit for the year ended 31 March 2020 grow 36.1% to £13.2m (2019: £9.7m).
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 […]