FairFuelUK has been demanding a proper fuel price enquiry for years. But now the events of the last few months have proved that UK consumers really are being ripped-off. Why when the price of oil falls 50% does the price at the pumps fall only 25%? And why does it take so long to pass on the wholesale savings to the forecourt? When oil fell to less than $50 it took weeks for those falls to be reflected on forecourts but when it crept back up to $60 the price of diesel and unleaded kept going up overnight – literally. In France I’ve watched falls in the wholesale price of oil reflected at fuel stations virtually the same day. There’s no delay at all.
In the UK we call this The Rocket and Feather Effect – fuel prices go up like a rocket and down like a feather. And its been going on for far too long. FairfuelUK’s one million supporters want to know why the oil and road fuel industry are sitting on profits and not passing savings on to their customers quickly enough. And this effects the UK’s 40 million licence holders and every business and family in the country. That works out as 70% of the electorate. We have a right to know why we’re being taken for a ride and why the French get a better deal than we do. Westminster take note.