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FFUK supporters back Robert Halfon’s call for a full oil price probe

  • 13 September 2012
  • By Laura Hailstone

FairFuelUK (FFUK) will hand over 27,000 names of support to Robert Halfon today (13 September), ahead of the MP for Harlow leading a House of Commons debate this afternoon on oil firms and the high price of diesel and petrol in the UK.

The signatures from FFUK supporters, collected over the past few weeks, back Halfon’s call for a full scale inquiry by the UK financial authorities into concerns that there could be uncompetitive practices being deployed by oil firms which are manipulating fuel prices and destabilising the market.

“These signatures are from the length and breadth of Britain. They are evidence of the anger that is surging across the country at the possibility that speculators are profiteering at the expense of every consumer and business in Britain.  These allegations need to be investigated immediately and rigorously,” said FFUK campaigner Quentin Willson.

Halfon, through his PetrolPromise campaign, has secured the support of 80 cross-party MPs ahead of today’s debate. He will be putting forward a motion that calls for the Office of Fair Trading (OFT) and the Financial Services Authority (FSA) to launch a full investigation into oil firms active in the UK.

The motion will also call on the government to consider the emergency steps being taken in other G20 countries to reduce fuel prices, and the move by Germany and Austria to establish a new oil regulator with a remit to help stabilise the price of petrol in those countries.

Finally, Halfon will urge the OFT to note that the Federal Cartel Office in Germany is now investigating oil firms who are active in the UK following allegations of price fixing.

Commercial Motor will be watching the debate live in the House of Commons. Follow our Tweets @rtm_CommMotor

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Article source: http://www.commercialmotor.com:80/latest-news/ffuk-supporters-back-robert-halfon-s-call-for-a-full-oil-price-probe