Has my right hon. Friend seen my early-day motion 1000?
[That this House is disappointed that despite a unanimous vote in Parliament calling for an investigation, the Office of Fair Trading (OFT) has refused to hold a full inquiry into allegations of anti-competitive behaviour in the petrol and diesel market; notes that their decision is despite evidence of market abuse handed to them by hundreds of independent petrol stations, transport firms, small businesses and members of the public through RMI Petrol, the AA, petrolpromise.com and FairFuelUK; further notes that even the OFT report admits that over the last 10 years the combined gross margin for refining, wholesaling and retailing has increased by 3.4 pence per litre for petrol and 7.2 pence per litre for diesel and that taking account of inflation, this represents an increase in real terms of 14 per cent for petrol and 41 per cent for diesel; and therefore calls on the OFT to reconsider its decision not to hold a full inquiry and to step up the pressure on the oil companies and financial speculators who are pushing up prices at the pump.]
May we have an urgent statement about yesterday’s shocking decision by the Office of Fair Trading not to hold a full inquiry into the rip-off oil companies that are ripping off motorists at the petrol pumps—especially given that the House unanimously supported, without a Division, the idea of having a full inquiry? The OFT decision flies in the face of thousands of pieces of evidence from FairFuelUK, petrolpromise.com, the AA and many other organisations. It is undermined even by its own report, which admits that over the last decade fuel margins have grown in real terms by 14% for petrol and an astonishing 41% for diesel.