The last OFT fuel inquiry took place in 1998

At 10am the Office of Fair Trading will announce its action/ inaction on fuel prices. The last time the OFT conducted an inquiry into the UK retail fuel market was in 1998.At that time there was horror at the price of 10.2p a litre! (minus duty).

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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.