A petition calling for a full and transparent inquiry into the oil pricing process will be handed in at the Office of Fair Trading (OFT) by Quentin Willson of FairFuelUK, Robert Halfon and other MPs from all parties, on Monday, July 15th at 9am. The FairFuelUK petition contains more than 30,000 signatures from campaign supporters which were collected in just five days.
Halfon and Wilson will be rallying outside the OFT offices to protest at what they describe as the Government’s surprising reluctance to act, despite the fact that regulators in Europe and America are investigating oil price manipulation. They will also be unfurling a banner in their call for a vigorous inquiry.
Willson, lead spokesman for FairFuelUK, said: “This is embarrassing. EU and US regulators have acted swiftly yet our regulators say everything in the world of oil prices is fine. There’s too much disquiet and whistle-blower testimony to leave the subject of oil price manipulation alone. Something needs to be done now.”