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Petrol prices 'no rip-off'

Fuel price rises have been driven by tax rises and the hike in the oil price, the Office of Fair Trading has reported. It says it finds "very limited evidence" that retailers aren't passing on drops in the wholesale price to drivers quickly enough.

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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.

How can the OFT, supported by Government, try and tell motorists and businesses that the market is working in the consumer’s interests?

– PRA Chairman Brian Madderson

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