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05th September 2012

Consumer Council welcomes OFT's call for information on the UK petrol and diesel sector

The Consumer Council welcome today’s call from OFT for information into petrol and diesel prices[i] but is insisting that there is a focus on the entire supply chain to shed a light on high prices here.

The Consumer Council welcome today’s call from OFT for information into petrol and diesel prices[i] but is insisting that there is a focus on the entire supply chain to shed a light on high prices here.

Antoinette McKeown, Chief Executive of the Consumer Council said, “This is an important step in the fight to get clarity for consumers on why petrol and diesel costs are so high.  Consumer Council monitoring figures[ii] show that prices for petrol and diesel are returning to the record peaks recorded earlier in the year and consumers here continue to pay some of the highest prices across the UK[iii]”.

“The Consumer Council has continuously called for an investigation by the OFT and this call for information is a step in the right direction.  However, we believe this information gathering exercise needs to cover the whole supply chain process to ensure that all of the factors which influence high diesel and petrol pricing are considered and that we finally get the transparency consumers need.”

“We will be working with the OFT on behalf of Northern Ireland consumers to provide information on the challenges consumers are facing as a result of these high fuel prices.”

ENDS



[i] The OFT has announced that in light of continuing public concern about the price of petrol and diesel, it wishes to identify whether there are competition problems it can tackle in the sector and have invited the industry, motoring groups and consumer bodies to submit information. http://www.oft.gov.uk/news-and-updates/press/2012/76-12

[ii] For the week commencing 27 August 2012 CCNI fuel monitoring figures show that petrol is at its highest price of 138.1ppl since the week commencing 7 May, when prices peaked at 140.3ppl.

Diesel is at its highest price of 142.6ppl since the week commencing 14 May when prices peaked at 142.6ppl, showing that diesel has returned to its record peak price.

[iii] August AA Fuel Report

Notes to Editors:

1)      The Consumer Council undertakes a weekly ‘price watch’ of petrol and diesel prices at a sample of 77 sites across Northern Ireland which have been selected to provide a geographic spread and mix of supermarket and independent retailers.

2)      Consumer Council media contact: Gráinne Magennis, telephone 028 9067 4813, or 078 2514 7496 or email, [email protected]

3)      The Consumer Council is an independent consumer organisation, working to bring about change to benefit Northern Ireland’s consumers. The Council campaigns for high standards of service and protection and a fair deal for all. It also carries out research, gives advice and publishes reports and other publications. It deals with individual complaints about buses, trains, planes, ferries, natural gas, electricity, coal and water.

4)      For more information, visit our website at www.consumercouncil.org.uk

 

Gráinne Magennis

Communications Officer
The Consumer Council, Elizabeth House, 116 Holywood Road, Belfast, BT4  1NY
Tel:     028 9067 4813, Mobile:  078 2514 7496, Fax: 028 9065 7701

Email: [email protected]Website: www.consumercouncil.org.uk www.consumerline.org

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