32,000 call to further investigate UK oil market fixing

A national campaign group in support of keeping petrol prices down called on the Office of Fair Trading (OFT) to launch another inquiry into the scandalous oil price fixing allegations that came to light earlier this year. FairFuelUK along with MPs handed in a 32,000-name petition to the OFT yesterday calling for a full and […]

Oil market urgently needs ‘official watchdog with teeth’

The oil market urgently needs an “official watchdog with teeth” to ensure there is no market manipulation and UK families and businesses pay a fair price for fuel. That’s the suggestion from Quentin Willson, Campaign Leader of FairFuelUK, in response to the recent revelation over alleged price collusion, which led to BP and Shell offices […]

UK drivers ‘bitterly disappointed’ by road fuel report

Consumers in the UK will be “bitterly disappointed” that the Office of Fair Trading (OFT) will not be launching a full-scale review of petrol and diesel pricing in the UK. That’s the view of fuel poverty campaigners and those in the automotive industry, which follows new evidence suggesting there are no problems with competition in […]

UK road fuel market ‘working well’, says watchdog

The UK road fuel sector is “working well” and the rise in petrol and diesel prices have been caused by higher crude oil prices and increases in tax – not a lack of competition. New evidence from the Office of Fair Trading (OFT) suggests competition is working “relatively effectively” at a national level and that […]

Rural areas vulnerable to fuel price spikes

Rural areas are at risk of fuel price spikes, the Countryside Alliance has warned. The campaign group’s claim comes in response to the Office of Fair Trading’s latest study out today, which found that competition in the off-grid market gave customers a good choice. This was despite the OFT’s reservations about how some heating oil […]

Offgrid fuel suppliers may not treat customers fairly

The Office of Fair Trading is concerned that some off-grid fuel suppliers may not be treating their customers fairly. The warning comes as the consumer standards agency today releases a report on off-grid energy suppliers. Four million households rely on off-grid energy such as heating oil, liquid petroleum gas (LPG) and, more recently, microgeneration including […]

OFT launches probe into ‘off-grid’ energy supply

The Office of Fair Trading is to investigate the supply of energy to consumers who are not connected to the main gas grid. The probe will look at whether the market is working for ‘off-grid’ energy consumers who use sources such as heating oil, LPG and renewable energy sources like solar panels. The OFT has […]