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05/09/2012
OFT To Review Petrol And Diesel Prices
The Office of Fair Trading is to look into the UK petrol and diesel sector following significant price rises at the the pumps.
The OFT will spend six weeks gathering evidence about whether competition is being curtailed.
Alongside this the watchdog will also consider whether falling costs of crude oil are reflected in prices paid by motorists.
UK retail road fuels sector was estimated to be worth about £32bn, according to the OFT.
Petrol prices rose by 38% between June 2007 and June this year, and diesel prices went up by 43% over the same period.
The OFT said the review, which is not a full-scale investigation by the watchdog at this stage, would study whether the action of supermarkets and oil companies made it difficult for independent retailers to compete in the market.
It will publish its findings in January.
(H)
The OFT will spend six weeks gathering evidence about whether competition is being curtailed.
Alongside this the watchdog will also consider whether falling costs of crude oil are reflected in prices paid by motorists.
UK retail road fuels sector was estimated to be worth about £32bn, according to the OFT.
Petrol prices rose by 38% between June 2007 and June this year, and diesel prices went up by 43% over the same period.
The OFT said the review, which is not a full-scale investigation by the watchdog at this stage, would study whether the action of supermarkets and oil companies made it difficult for independent retailers to compete in the market.
It will publish its findings in January.
(H)
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30 January 2013
Petrol Market 'Working Well' - OFT
The Office of Fair Trading (OFT) has said little action is needed, following a study looking at the UK petrol and diesel market. The report states: "The evidence gathered by the OFT suggests that at a national level, competition is working well in the UK road fuel sector.
Petrol Market 'Working Well' - OFT
The Office of Fair Trading (OFT) has said little action is needed, following a study looking at the UK petrol and diesel market. The report states: "The evidence gathered by the OFT suggests that at a national level, competition is working well in the UK road fuel sector.
12 October 2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
07 March 2011
Petrol Prices Soaring Across British isles
While Northern Ireland has already recorded the highest price for unleaded at 129.9pence per litre in the UK during February - with Yorkshire and Humberside at the lowest - at 127.8pence, Dublin drivers are really getting hammered. Even taking the exchange rate into consideration, the Republic Of Ireland petrol prices are now even higher - over €1.
Petrol Prices Soaring Across British isles
While Northern Ireland has already recorded the highest price for unleaded at 129.9pence per litre in the UK during February - with Yorkshire and Humberside at the lowest - at 127.8pence, Dublin drivers are really getting hammered. Even taking the exchange rate into consideration, the Republic Of Ireland petrol prices are now even higher - over €1.
30 November 2012
Supermarkets Agree 'Special Offer' Code
Eight supermarkets have agreed to a set of OFT principles to address concerns over special offers and promotions for food and drink. Aldi, Co-Op, Lidl, Marks and Spencer, Morrisons, Sainsbury's, Tesco and Waitrose have agreed to adopt the principles into their own policies, following constructive engagement with the OFT.
Supermarkets Agree 'Special Offer' Code
Eight supermarkets have agreed to a set of OFT principles to address concerns over special offers and promotions for food and drink. Aldi, Co-Op, Lidl, Marks and Spencer, Morrisons, Sainsbury's, Tesco and Waitrose have agreed to adopt the principles into their own policies, following constructive engagement with the OFT.
27 July 2004
Unclear whether Iraq is benefitting from all its oil, says watchdog
Iraq may not be receiving its full oil revenues as a lack of metering has made it impossible to monitor oil levels, according to a UN watchdog. The revelation emerged after the international oversight body for the Development Fund for Iraq (DFI) briefed the UN Security Council behind closed doors yesterday.
Unclear whether Iraq is benefitting from all its oil, says watchdog
Iraq may not be receiving its full oil revenues as a lack of metering has made it impossible to monitor oil levels, according to a UN watchdog. The revelation emerged after the international oversight body for the Development Fund for Iraq (DFI) briefed the UN Security Council behind closed doors yesterday.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
