The Office of Fair Trading (OFT) has announced its provisional decision that it does not plan to launch a market study into UK road fuel retailing at this time.
RMI Petrol submitted evidence from independent forecourts to the Office of Fair Trading (OFT) in mid-February and requested that a new market study be initiated under the Enterprise Act 2002. The OFT announced today that they do not intend to go ahead with the study.
Brian Madderson, RMI Petrol chairman commented “We had a useful discussion with the OFT yesterday to examine their findings to date and understand better their position following the submittal of our report back in February.
“The OFT have invited us to provide further evidence in support of our original submission. We intend to do this in conjunction with our members and interested third parties before the OFT reaches a final view in mid-June.”