Fuel Price Inquiry

EDM number 671 in 2014-15, proposed by Robert Flello on 08/01/2015.
Categorised under the topics of Industry and Oil, petrol and natural gas.

That this House recognises that the UK globally has the highest diesel price, third highest petrol price and in the Western world has the highest fuel duty; believes that with the global price of oil dropping rapidly to $50 a barrel, prices at the pumps should be decreasing in line with the fall however this is not the case; further believes that an investigation into domestic fuel prices is needed; notes the increasing discrepancy between petrol and diesel prices and calls on the Government and the Competition and Markets Authority to launch an inquiry both into the disparity between petrol and diesel prices as well as how the retail price is set; acknowledges the hard work that FairFuelUK has done on this issue and recognises that its campaign now has one million supporters; and hopes that such an inquiry will identify who profits from oil prices, who determines the price of oil at the pumps and why the price of fuel at the pumps does not reflect the global oil price.

This motion has been signed by a total of 29 MPs.