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

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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

Posted by Nigel Tree | Leave a comment