OFFICE OF FAIR TRADING DEMONSTRATION

That this House notes that Fair Fuel UK will be handing in a petition signed by 30,000 people to the Office of Fair Trading on 15 July 2013; further notes that oil prices are worryingly high in the UK and that petrol and diesel as a result are more expensive than they have ever been; further notes that, despite a unanimous vote of the House in September 2012 and support from the Minister for Energy at the time calling for a full and thorough investigation, the Office of Fair Trading only managed an enquiry whether to have an enquiry after pressure from hon. Members and that while it expressed concerns about rigging in the oil market, no further action was taken; concludes that rip-off oil prices are crushing the living standards of British families, are a huge brake on jobs and growth and that motorists in the UK are being taken for a very expensive ride; and therefore urges the Government to support the petition for a formal enquiry from the Office of Fair Trading.