Tuesday, 16 July 2013

OFT urged to have a British investigation into oil price fixing

I was in an official meeting yesterday morning so I could not join my colleagues led by Rob Halfon, MP, who went to the Office of Fair Trading to lead a protest group alongside Quentin Wilson, FairfuelUK and the Independent Fuel Retailers Association, to present a petition with over 30,000 signatures, calling for a proper British-led investigation into oil price fixing. Regulators in Europe and America are now actively investigating oil price manipulation, yet it is a struggle to persuade the independent OFT to conduct an investigation here.