Blog Archives

Have fuel prices been rigged by the oil markets?

After the recent turmoil with Barclay’s rigging the Libor rate, doubts over many other financial markets have been the focus of scrutiny. The G20 has recently commissioned a report by International Organization of Securities Commissions (IOSCO) to look into the oil

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UK motorists blame government for fuel prices

A poll by the pressure group FairFuel UK of more than 26,000 motorists has shown a massive 89.3% felt ministers were to blame for soaring fuel prices. The survey conducted on the FairFuel website has also shown that three-quarters of motorists thought

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UK hits back at OPEC’s claim that we are to blame for rise in fuel prices

Britain hit back at suggestions made by Abdalla el-Badri, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), that the government is responsible for record fuel prices. El-Badri said in an interview with the Times newspaper that pump prices reflect U.K.

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Cameron fights the Treasury over UK fuel prices

David Cameron has stepped up an increasingly public battle with the Treasury over petrol prices by telling George Osborne he must ‘share the pain’ with the motorist. The Prime Minister yesterday again backed reforming the tax system to stabilise pump

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Treasury unhappy with fuel price stabilisation, another broken promise

PM David Cameron suggested yesterday the Treasury is unhappy about coalition plans to introduce fuel price stabilisation measures. Mr Cameron, supportive of the move since before the general election, said the Treasury is concerned its introduction may leave the government

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Fuel Prices To Hit £70 A Tank By Easter

Motorists’ pockets will be hit even harder this year as petrol retailers predict the average cost of filling up a tank could soar to £70. Planned government tax rises could see a litre of unleaded rocket to £1.36, while diesel

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Chile approves fuel stabiliser… hint hint Mr Cameron.

Chile’s lower house approved a new mechanism to buffer local fuel prices from international market variations, sending it to President Sebastian Pinera to be signed into law. As Chile imports the vast majority of the fuel it consumes and transportation

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