Motorists 'ripped off at the petrol pump', says energy minister

[AtW]

Ministers to blame for high fuel prices, says competition watchdog - Telegraph

Britain would have some of the cheapest fuel prices in Europe if ministers had not raised taxes by such large amounts over the last ten years, the competition watchdog has said.

Well, that's a refreshing suprisingly honest report really!!!

[ZARDOZ]

The government must have forgotten about this. It's only been running for 20 yrs.

Fuel Price Escalator - Wikipedia, the free encyclopedia


The last paragraph is clearly bollocks though

[DimPrawn]

Ministers to blame for high fuel prices, says competition watchdog - Telegraph

Britain would have some of the cheapest fuel prices in Europe if ministers had not raised taxes by such large amounts over the last ten years, the competition watchdog has said.

[DimPrawn]

[AtW]

"Ministers have indicated that they believe motorists are being “ripped off at the petrol pump” ahead of an official report into whether consumers are being treated fairly. "

Baroness Verma, an energy minister, said that the Government was looking at how petrol companies can be “encouraged” to pass on falls in the oil price to motorists.

Motoring groups have repeatedly complained that petrol stations appear to put up pump prices quickly following a rise in the crude oil price – but delay passing on reductions.

The Office of Fair Trading (OFT), the consumer regulator, will tomorrow publish the interim findings of a review of the petrol and diesel market across Britain. "

So 80%+ of price is tax, and he thinks rip off is due to petrol companies who barely make on refining?

Motorists are being 'ripped off' says energy minister - Telegraph