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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Rail travel increases as petrol prices rise

The degree of substitution between rail and car travel has been highlighted in figures just published by the Association of Train Operating Companies (ATOC). These show that passenger numbers on the railways grew by 4.8% in the first three months of 2011, which meant growth over the financial year of 2010/11 of 6.6%. One of the main reasons for this … Continue reading

Posted by Nigel Tree | Leave a comment