Richard has signed a motion calling for the Office of Fair Trading (OFT) to investigate allegations of price-fixing by British oil companies. The motion, initiated by Robert Halfon MP and supported by a number of MPs across all parties, is likely to be debated in Parliament in September.
Richard said, “As the Times and Citizen fuel campaign has shown over recent months, our local petrol prices are unjustifiably high. Although the Government has already done a great deal to support the motorist – stopping the 3p August rise, scrapping the January rise, and cutting fuel duty by 1p in 2011 – there is much more that should be done to challenge the oil companies and their part in keeping petrol prices high.
“The OFT has failed to tackle the oil companies and that’s why I am calling for an OFT investigation – a crucial next step in the T&C’s campaign for fairer fuel prices.”
Robert Halfon MP added, “I’m delighted that Richard is campaigning for cheaper petrol and diesel. To be fair to the Government, they have now cut fuel duty by 10p, compared with what Labour were planning. But it’s essential that we also crack down on the oil companies to make sure they pass on cheaper oil process at the pumps. That’s why Richard and I are pressing for a full enquiry by the OFT.”