FairFuelUK has welcomed the outcome of yesterday’s debate in the House of Commons, which was called to address allegations that the oil markets are being ‘rigged’ and that some wholesalers and retailers are failing to pass on falls in the cost of crude oil.
Quentin Willson, national spokesman for FairFuelUK, said: “The debate has fulfilled a vital role, It has allowed Robert Halfon MP, champion of FairFuelUK in Parliament, to lay out in public shocking ‘whistle blower’ allegations that the oil market is being systematically ‘rigged’ by speculators.
“Along with other MPs, he was able to set out other issues which cause UK consumers and UK business a mixture of fury and exasperation. We welcome the pledge by John Hayes MP, the Minister responding to the debate, to take action. The government need to drive through the call for full inquiries by the FSA and the OFT to bottom this issue once and for all.”
FairFuelUK said it remains committed to continuing its fight on the other aspect of petrol and diesel pricing – that of fuel duty. Willson added: “This debate has shown that the issue of price ‘rigging’ needs to be resolved. However, the government must accept its own part in high fuel prices. It must abandon the plan to add 3ppl of extra fuel duty planned for 1st January and instead move to cut fuel duty to boost growth.”