Petrol Prices Debate

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Petrol Prices

Angus Brendan MacNeil Excerpts
Wednesday 15th May 2013

(11 years, 1 month ago)

Commons Chamber
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Ed Davey Portrait Mr Davey
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I am grateful for my hon. Friend’s questions, and I pay tribute to the way he has campaigned on this issue. He has made a big impact in the House and we have reacted to his campaigns with respect to fuel duty—something the Labour party never did. The OFT is a strong, independent body. It has powers and carried out its investigation. It received a call for information and it is responding to that. It made some warnings. As my hon. Friend knows, it was concerned about a number of areas, not least the transparency of petrol and diesel prices at motorway service stations, which I referred to in my statement. I know that as a result of that, my hon. Friend—indeed, the whole House—will be concerned to ensure that any evidence is put before the European Commission and the UK competition authorities. If any Members of the House or members of the public have such information, I call on them to pass it to the competition authorities.

Angus Brendan MacNeil Portrait Mr Angus Brendan MacNeil (Na h-Eileanan an Iar) (SNP)
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My constituents in the Hebrides have felt ripped off by the highest fuel prices in the UK for years, and shockingly we now hear of raids associated with suspected price fixing on huge oil companies—household names. Will the Secretary of State ensure that if there are any fines, they are passed on to hard-pressed motorists who might have been ripped off, so that my constituents in Lewis, Harris, Uist and Barra, and everybody else’s constituents, can feel the benefits of any justice? Do these events not call for a review of the OFT’s methodology?

Ed Davey Portrait Mr Davey
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It is important for the hon. Gentleman, and all right hon. and hon. Members, to realise that these are very early days in the investigation. These are allegations only and we should not jump the gun. As he knows, because the allegations are so serious, both UK and European law allows competition authorities to levy serious fines—dependent, obviously, on the particular transgression—should a company be found guilty. The hon. Gentleman will have to wait, but he can be reassured that there are powers to levy heavy fines.