Wednesday, 5 September 2012

Oil Companies Beware

Rob Halfon and my campaign to bring the oil price down at the pumps has gained new force today: firstly there is the announcement that the Backbench Business Committee have given us a debate slot shortly in the House to force the petrol companies to pass on reductions in the price of crude oil to the consumer - we have all seen situations when the price goes down but the price at the pump stays the same. This is wrong. Aslo, the Office for Fair Trading has just issued a "call for information" to see whether reductions in price of crude oil are being passed on to motorists. This will trigger a full blown OFT inquiry, which is a good thing.