Dennis the 'Bloody Peasant'
30th May 2012, 14:46
Transport Secretary Justine Greening has said she will consider legislation to force petrol retailers to pass on cuts in the wholesale price of fuel.
The Department of Transport says pump prices paid by motorists have fallen by just 7p despite a 10p fall in wholesale prices since April.
Ms Greening told the BBC she would consider taking further action to ensure motorists "get a better deal".
But petrol retailers said her remarks showed a "lack of understanding".
Petrol prices have fallen back since hitting record levels in March, when unleaded rose above £1.40 a litre.
The AA has said wholesale costs across northern Europe have dropped more than 16% during May.
A Department for Transport source told the BBC the industry would have a matter of weeks to come up with a voluntary code of conduct to ensure wholesale falls were passed on within a fortnight to the motorist.
(more at http://www.bbc.co.uk/news/uk-politics-18262301)
Love the weak, hollow, crowd-pleasing rhetoric from the DoT. 'Voluntary code of conduct'...yes, those are always a sure-fire way of making sure corporations do what's right or in the interest of the public / their customers. Another example of how weak a government can be next to the capitalists (gov may be flawed, but it is an elected body, no fucker elects the guys who determine the price of fuel).
The Department of Transport says pump prices paid by motorists have fallen by just 7p despite a 10p fall in wholesale prices since April.
Ms Greening told the BBC she would consider taking further action to ensure motorists "get a better deal".
But petrol retailers said her remarks showed a "lack of understanding".
Petrol prices have fallen back since hitting record levels in March, when unleaded rose above £1.40 a litre.
The AA has said wholesale costs across northern Europe have dropped more than 16% during May.
A Department for Transport source told the BBC the industry would have a matter of weeks to come up with a voluntary code of conduct to ensure wholesale falls were passed on within a fortnight to the motorist.
(more at http://www.bbc.co.uk/news/uk-politics-18262301)
Love the weak, hollow, crowd-pleasing rhetoric from the DoT. 'Voluntary code of conduct'...yes, those are always a sure-fire way of making sure corporations do what's right or in the interest of the public / their customers. Another example of how weak a government can be next to the capitalists (gov may be flawed, but it is an elected body, no fucker elects the guys who determine the price of fuel).