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Oil price collusion rears its head again

Allegations of oil price fixing will rightly enrage small businesses who, as recently as January, were assured by the OFT that competition among fuel providers was working.

The European Commission said “unannounced” inspections on company premises were made on Tuesday, and Reuters report that firms such as Shell, BP and Statoil were visited.

Ed Davey has promised the Government and UK will help European investigators, but stressed the investigation does not imply guilt. Do the latest rumbles suggest inadequacies in the OFT’s investigation?

This was posted in Bdaily's Members' News section by Tom Keighley .