Isle of Wight Fuels Ltd has been named as the Winner of the ’Fair Price Award’ in the 2012 Community Oil Buying Awards.

The award was announced this week by Community Buying unLimited (CBL), a national organisation which coordinates community buying initiatives in 22 counties in the UK, placing orders for more than 7 million litres of oil in 2012.

Dave Grannum, general manager of Isle of Wight Fuels, which supplies fuel for the island’s service stations, said, “We are especially proud to receive this award – our aim is to provide high quality products at competitive prices – this award shows that we are achieving this goal.”

“The Fair Price Award demonstrates that despite the additional costs and logistics of bringing oil to the Isle of Wight – we are still able to provide fuels to Island homes and businesses at a cost which is in line with mainland suppliers.”

Chris Pomfret, Founder of Community Buying unLimited said of the Awards, “Last year was an incredible year for Community Buying Groups in general and OIL buying groups in particular… These individuals, suppliers and organisations went the extra mile and certainly thought way outside the box to help make Community OIL Buying an even bigger social and environmental success – protecting many vulnerable OIL users across the UK. … Congratulations - This is an amazing insight into what we think is important in our relationship with suppliers and how you tick all our boxes”

Grannum added: “Isle of Wight Fuels are committed to providing an outstanding service and will continue to offer a ’fair price’ to all our customers.”

Isle of Wight Fuels owns and operates the Isle of Wight’s only fuel storage facility and distributes oils and fuels to domestic and commercial customers across the Island. Oil is shipped into the Isle of Wight Fuels terminal in East Cowes by the Rix Merlin, the company’s own tanker, where it is stored. The facility in Kingston Road stores up to three million litres of fuel for domestic and agricultural use, as well as supplying fuel for filling stations, commercial operations and distributors, to keep the island running.