OFT says UK petrol market is working well

What a load of bull!!.. bbc.co.uk/news/business-21258809

“The UK has had amongst the lowest pre-tax pump prices in the EU for over a decade so the findings come as no surprise,”

So no one knew it was the government that was ripping us off ?

+1

I agree with the report. The petrol/fuel market works exceptionally well…

for the government, for the producers, but NOT for the end users.
Lowest pre-tax cost in Europe. and probably the highest post-tax cost in the universe, says it all really.

mkb600:
I agree with the report. The petrol/fuel market works exceptionally well…

for the government, for the producers, but NOT for the end users.
Lowest pre-tax cost in Europe. and probably the highest post-tax cost in the universe, says it all really.

+1

The only people it doesn’t work well for are the working men and women of this country…no surprise there then! :imp:

raymundo:
“The UK has had amongst the lowest pre-tax pump prices in the EU for over a decade so the findings come as no surprise,”

So no one knew it was the government that was ripping us off ?

^ This.Not forgetting that a lot of that tax in the form of VAT goes to the EU so they can then give the contributions to places where they use it to buy fuel and then flog it cheaper at the pump than here.Although you can bet that it would be the rail transport industry that would be the first ones to moan if we got rid of road fuel taxation. :smiling_imp: :imp:

The Road Haulage Association is bitterly disappointed at the news that the Office of Fair Trading does not intend to pursue its investigations into fuel pricing.

Commenting, RHA Chief Executive Geoff Dunning said: “The RHA, together with FairFuelUK, has worked hard to raise this issue with Westminster in general and HM Treasury in particular. We considered the response from Chief Treasury Secretary Danny Alexander to be particularly encouraging.

“To hear that the OFT does not consider the disparity between barrel and pump price warrants further investigation will come as a real blow to every user of road fuel in the UK.

“The OFT also acknowledges that high pump prices are a result of high crude prices, not competition. On that basis, why, when the barrel price drops, is that drop is not reflected at the pump?

“What is the rationale behind fuel prices at motorway service areas being so much higher than those charged by high street retailers? These are all important questions which still need answering.

“As far as the Road Haulage Association is concerned, we asked for transparency but all we got was a whitewash”…

Its a big rip off by the government.We also have some of the roughest roads from cut backs in maintenance over the last thirty years.

kevchalluk:
The Road Haulage Association is bitterly disappointed at the news that the Office of Fair Trading does not intend to pursue its investigations into fuel pricing.

Commenting, RHA Chief Executive Geoff Dunning said: “The RHA, together with FairFuelUK, has worked hard to raise this issue with Westminster in general and HM Treasury in particular. We considered the response from Chief Treasury Secretary Danny Alexander to be particularly encouraging.

“To hear that the OFT does not consider the disparity between barrel and pump price warrants further investigation will come as a real blow to every user of road fuel in the UK.

“The OFT also acknowledges that high pump prices are a result of high crude prices, not competition. On that basis, why, when the barrel price drops, is that drop is not reflected at the pump?

“What is the rationale behind fuel prices at motorway service areas being so much higher than those charged by high street retailers? These are all important questions which still need answering.

“As far as the Road Haulage Association is concerned, we asked for transparency but all we got was a whitewash”…

Blimey so the RHA hasn’t heard that it’s government policy to create a situation in which using road transport of any type is to be discouraged wherever possible in favour of rail transport.We all know the reasons for the disparity between the price of a barrel of crude and the price of road fuel at the pump.It’s all about government transport and taxation policy.

Backhands to the rescue

:smiling_imp: