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AA calls for fuel price regulator

Date: 31/01/2013 12:26:46
Category: Fuel Efficiency
Author: David Howells

The AA has called on the government to create an official fuel price regulator to protect consumers from continual increases, ezspk.co.uk reports.

The call was made following the publication of an OFT (Office of Fair Trading) report which claimed that it will not hold an inquiry into the manipulation of fuel prices.

Following on from accusations that the UK's fuel prices were being manipulated to increase regardless of the crude price, the OFT was called upon to consider whether there was any evidence to back this up.

It found, however, that increases were caused by higher crude prices and increases in tax and duty. A lack of competition or bad behaviour in the industry was not seen to contribute.

In light of the report, AA president Edmund King called on the government to regulate fuel prices and for wholesale costs to be revealed so consumers can decide for themselves whether the retail price is too high.

Until such a scheme is created, however, motorists may just have to keep an eye on their fuel usage - or utilise a tool such as car tracking - in order to ensure they do not pay over the odds.

King told telegraph.co.uk how this kind of information "is readily available" in other countries.

"Austria, America, Australia [and] other European are looking into it, and it's something we've put to the OFT, so I think on this issue of transparency the report is a bit of a whitewash."

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