We need your input: Call for information
FairFuelUK has played a leading part in securing inquiries into Fuel Pricing issues and now we need your evidence to submit to these inquiries....
We recently helped to secure an Office of Fair Trading Inquiry into petrol and diesel pricing at the pumps and a Financial Services Authority Inquiry into alleged Oil Price fixing.
- As a consequence we have been invited to give evidence to these august bodies as FairFuelUK.
- This is where you you can help us put together the evidence we will supply to the OFT and FSA.
- If you have substantiated evidence in either of these areas below, please click on the relevant fuel or oil price issue button and send us your information
Inquiry A: Fuel Prices
Inquiry B: Oil Price Manipulation
- When Oil goes up, pump prices seem to ‘rocket’ – but when Oil goes down, pump prices never seem to fall quickly enough or far enough.
- That diesel is more expensive than petrol in the UK – the exact opposite of what happens in most other countries.
- That pump prices can vary by up to 12p per litre across a County or town.
- That large retailers seem to vary their pump prices for no apparent reason.
There is also evidence from ‘whistle blowers’ that the trade in Oil as a global commodity is ‘rigged’.
Therefore, we wish to encourage anyone who has any knowledge of improper practices in the Oil trading world to come forward and contact us in confidence.
Inquiries into Oil speculation and into the Petrol/diesel market are an essential part of our fight for a fairer deal on petrol and diesel prices. However, we reassure our supporters that we are still focussed on the other factor that plays a massive part in the cost of petrol & diesel – Fuel Duty. Our central aim remains to fight for lower fuel duty on petrol & diesel. The combined amount of fuel duty and VAT on a typical litre of fuel adds up to an eye-watering 80p per litre. That means that the cost of the actual fuel coming out of the pump, including the oil itself, the refining, the distribution and some for the retailer is about 60p – so the 80p combined Fuel Duty and VAT is an effective tax of 130% ! This huge tax burden is crippling families and businesses. It is dragging the economy down. With the support of our backers and our members across the UK we have successfully fought off over 9p per litre of planned Fuel Duty hikes. This has been a great achievement – but it is not enough. We remain committed to opposing any future rises in Fuel Duty (the next is planned for 1st Jan 2013) and to fighting for a cut in Fuel Duty.