TOPICAL DEBATE Financial Stability

Part of Business of the House – in the House of Commons at 12:23 pm on 9th October 2008.

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Photo of Philip Hollobone Philip Hollobone Conservative, Kettering 12:23 pm, 9th October 2008

This banking crisis followed a severe oil price shock in the summer, with the price of oil reaching $150 a barrel. Since then, it has fallen by 40 or 50 per cent., but the price of petrol and diesel at the pumps has remained stubbornly high. Is the Minister considering the possibility of investigating anti-competitiveness among the oil companies at petrol stations, because this is having a real impact on household budgets?

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