Sunday 16 June 2013

Fuel Price Fix??


Investigators for the EU have recently raided the offices of multiple oil companies, including BP and Shell, amid concerns that there has been some form of price-fixing of fuel prices going back several years. The investigation follows an Office of Fair Trading report that cleared UK fuel retailers of any wrongdoing which many crticised as a 'limp-wristed' investigation. If found to be true this could be a shocking revelation - many small businesses have been hit hard by increasing fuel prices over the last few years putting many out of business. If this is due to engineered and unjust increases in fuel prices so that the oil companies can make more profits on the huge amounts they already make then the ramifications will be enormous. Let's hope the investigation is thorough and free from corruption!