Fuel price announcement welcomed

Northern Isles MP Alistair Carmichael has welcomed an announcement by the Office of Fair Trading to review fuel prices but has expressed scepticism of any real changes.

The OFT is to gather information on fuel pricing in the UK, after pump prices increased while the price of crude oil has been falling. Part of the review will be looking in to whether there is a lack competition in rural areas. The results of the study are expected in January.

Commenting, Mr Carmichael said: “The fact that the OFT have decided to look again at fuel prices is welcome but I have some sympathy for those who are sceptical over what result we can expect at the end of this process. The government has taken action to keep prices down locally but it is clear by the number of emails and letters I receive on this topic every week that there are real issues within the market that need to be addressed. These issues fall squarely within the remit of the OFT and they need to ensure that they are meeting their obligations to consumers.

He added: “Words are one thing, actions another. I will be looking for the OFT to take strong action against any oil company or wholesaler who can be shown to have abused their position and lined their pockets at the expense of local motorists.”