Leading independent fuel supplier Prax Petroleum is expanding its coverage of Wales and the South West of England with the opening of a terminal in Cardiff to add to its Dagenham and Immingham sites. Prax sales and marketing director Neil Robertson said the supplier was being welcomed into the Welsh market, which currently has a fairly limited number of supplier choices. “We are offering competitive prices and attractive credit terms,” he said. “We are talking to Welsh operators and they […]
Harlow MP Robert Halfon has called for a parliamentary debate on whether the Office of Fair Trading (OFT) should investigate UK fuel prices. The Conservative MP wants a debate and vote to focus on the non-duty portion of petrol and diesel prices: specifically on whether there is a need to investigate possible price-fixing and anti-competitive behaviour by oil wholesalers. Halfon is seeking to table a Commons Motion on the issue, which has been backed by 65 cross-party MPs, and he […]
Treasury minister Danny Alexander has pledged to review FairFuelUK’s (FFUK) economic report, which shows that the planned 3ppl duty rise in January will result in 35,000 job losses and reduce GDP growth by 0.1%. During a landmark meeting yesterday (29 October) with FFUK and its major backers the FTA and RHA, the chief secretary to the Treasury made a firm commitment to look closely at the Impact of fuel duty on the macro-economy report, produced by the National Institute for […]
Calls have been made for further investigations in the UK into alleged price-fixing in the oil industry, after European anti-trust regulators confirmed they had carried out raids on several firms involved in the sector.