Motoring charity encourages scrutiny of petrol prices
An independent motoring research charity has welcomed the news that the Office of Fair Trading will be gathering information on the price of petrol and diesel in the UK.
RAC Foundation director Professor Stephen Glaister said:
– Professor Stephen Glaister, RAC FoundationWe have always argued for pricing transparency and this review promises to provide it.
There has long been a suspicion amongst drivers that pump prices are much quicker to rise than fall. Now at last we should get a definitive answer on how the market works.
We also welcome scrutiny of what the rapid decline in the number of petrol stations has meant for fuel supply and price. In 1990 there were some 18,000 forecourts. Now there are fewer than 9,000.
Formal inquiry tries to ease motorist pain at the pumps
The Office of Fair Trading has delighted some by asking for evidence to see if consumers are being ripped off by petrol companies.
Office for Fair Trading to investigate petrol prices
The OFT issued a "call for information" today as it looks at whether reductions in the price of crude oil are being passed on to motorists.