PRA: OFT fuel report missed 'prime opportunity'
The Petrol Retailers Association, that represents independent forecourt retailers in the UK, has criticised the Office of Fair Trading's decision to not proceed with a full market study into the UK retail fuels sector.
This was a prime opportunity, supported by considerable new information from our retailers, to tackle market manipulation of UK wholesale prices and retail prices by the big players.
The establishment has once again turned a blind eye to the need for a full Market Study which would have unmasked the market manipulators, provided proper transparency and helped our economic recovery.
– PRA Chairman Brian MaddersonHow can the OFT, supported by Government, try and tell motorists and businesses that the market is working in the consumer’s interests?
Fuel prices 'due to taxes & oil prices - not retailers'
Despite enormous price rises in the last few years, an Office of Fair Trading report into the UK's fuel market found it is 'working well'.
The fuel price questions I want answering
Pump prices are rising yet again. The wholesale cost has risen almost seven per cent since Christmas alone. Now they want answers.