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Category Archives: Office of Fair Trading

OFT report points to competition working well in UK road fuel sector

Rises in pump prices for petrol and diesel over the last 10 years have been caused largely by higher crude oil prices and increases in tax and duty and not a lack of competition, an OFT report has found. The evidence gathered by the OFT suggests that at national level competition is working well in the UK road fuel sector, … Continue reading

Posted by Nigel Tree | Leave a comment

Huge fine imposed by Office of Fair Trading

It has just been announced today that the Office of Fair Trading (OFT) has imposed £225m in fines on a group of tobacco manufacturers and retailers over their retail pricing practices. This covers a period from 2001-2003 in which the OFT concluded that “each manufacturer had a series of individual arrangements with each retailer whereby the retail price of a … Continue reading

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Competition inquiry into UK bus services

The Office of Fair Trading (OFT) has referred local bus services to the Competition Commission for investigation. According to the OFT they had found evidence that limited competition was pushing up prices for bus users and also producing lower quality of service.   The OFT said that it was concerned about situations where local services were being dominated by a … Continue reading

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Construction firms collude to rig bids for contracts

The Office of Fair Trading (OFT) has just announced the imposition of £129.5 million in fines on 103 construction companies in England, which it found had colluded with competitors on building contracts.   The OFT concluded that the firms engaged in illegal anti-competitive bid-rigging activities in a total of 199 tenders between 2000 and 2006. The process was mainly carried … Continue reading

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