North Tyneside MP backs call for fuel price investigation

Mary Glindon MP
Mary Glindon MP

North Tyneside MP Mary Glindon has backed a campaign to investigate the cost of fuel at the pumps.

She is one of 32 MPs from across all parties to support FairFuelUK’s campaign for the Competition and Markets Authority (CMA) to fully investigate the processes surrounding all vehicle fuel pricing at the pumps.

They agreed that the CMA should look at retail price changes in relation to oil cost fluctuations, commodity speculation, wholesale prices and distribution costs.

In particular, with the wholesale price of diesel today being 6p less than petrol, to investigate why retailers continue to price diesel more than petrol at the pumps.

FairFuelUK says the UK is the only country in the EU to price diesel more than petrol and 26 out of 28 EU states now show diesel below a £1/litre. In the UK it averages £1.20.

Howard Cox, founder of the FairFuelUK campaign, said: “RAC Foundation’s latest figures clearly show that diesel drivers have been ripped off by more than a £0.25billion in the last six weeks at the pumps.

“This is brazen and unscrupulous profiteering by retailers exploiting 12million motorists, white van drivers and the haulage industry.”