Forum welcomes OFT’s fuel price investigation

The OFT said this week it will conduct a six-week-long investigation into how oil companies set prices and how filling stations, particularly those owned by the supermarkets, set their prices. Since 2007 fuel prices have risen dramatically above the rate of inflation, with diesel spiking at nearly £1.50 a litre earlier this year. This, says the Forum, has significantly driven up the cost of doing business for most small firms. "Every motorist knows that, when crude oil prices go up, forecourt prices quickly follow suit. But, when they come down again, pump prices are slow to do the same," said

This content is restricted to Forum members only. If you are an existing member, please log in below using your username and password. If you're interested in becoming a member of the Forum, please visit this page.

Existing Users Log In