An investigation into allegations of petrol-price fixing could be launched by the Serious Fraud Office, dailymail.co.uk reports.
Following news that fuel giants, BP, Royal Dutch Shell and Norway's Statoil have been raided by the European Commission under claims of rigging, the Serious Fraud Office (SFO) has commenced an urgent review of its own.
It will then decide whether the claims warrant a full investigation, something which Conservative MP, Robert Halfon has been calling for. He says that, if the rumours are proved correct, Britain has been taken for "an expensive ride".
Escalating fuel prices have understandably angered motorists, many of whom have been forced to cut their journeys or in some cases, even declare their vehicle SORN.
Fortunately, there are ways in which motorists can keep an eye on their fuel consumption with the aim of driving down costs. Installing a tracking system allows them to actively monitor usage and identify driving 'habits' that use up petrol faster. They can also shop around at www.petrolprices.com to determine their cheapest local filling station.
Mr Halfon is awaiting a response to a letter sent to the SFO and police, urging British authorities not to leave the investigation solely 'to Europe'.
Cited by telegraph.co.uk, the letter read: "Action by the European Commission may be helpful, but it is no substitute for domestic action by Britain's authorities. Does the Serious Fraud Office have scope to investigate allegations of market abuse and price-fixing by oil companies?"