Following the Government’s decision to set up an Office of Fair Trading investigation into the price of fuel, Rugby MP Mark Pawsey has sent all representations he has received from Rugby residents to the OFT to act as written evidence for their inquiry. The OFT is looking at three particular areas in their investigation:
Mark said:
“I am very happy that the Government has called this investigation into fuel prices. Over the past year I have been contacted by many local residents who have each told me of the frustration that fuel prices in Rugby are often higher than in neighbouring towns. In addition many are concerned that fuel prices are quick to come up but slow to come down”.
Mark continued:
“I am now passing every single one of these representations that I have received to the OFT for their consideration. The OFT have assured me that they will be taking account of all the evidence they receive when they publish their report in the New Year.
Mark concluded
“This means that the voices of Rugby residents are being heard in this investigation and I welcome the opportunity I have had to pass on their concerns. I eagerly await the report at the beginning of next year”.
It's worth knowing that on the 5 September 2012, the OFT issued a call for information on the UK petrol and diesel sector.
The efficient functioning of the UK petrol and diesel sector is important to both UK motorists and to the UK economy as a whole. In 2010, around five per cent of UK households’ average weekly expenditure was on road fuels, with the sector estimated to be worth around £32 billion
Over the past five years the pump prices of petrol and diesel have, in general, increased.
Between June 2007 and June 2012 the average pump price of petrol rose by 38% from £0.97 per litre to £1.34 and the average pump price of diesel rose by 43% from £0.97 per litre to £1.39
