Anger as fuel prices remain high while cost of a barrel falls
Fresh calls have been made for the Office of Fair Trading to investigate the stubbornly high prices motorists face at the pumps despite a continuing fall in the cost of a barrel of oil.
Shetland MSP Tavish Scott said a 20 per cent reduction in crude oil prices since April meant there was no justification for the 15 pence premium isles drivers are still charged when they come to fill up.
He has renewed calls made earlier this year for GB Oils, the sole company responsible for getting petrol and diesel to Shetland forecourts, to be brought to book over its monopoly position.
He has also criticised the Office of Fair Trading for failing to take action as prices per litre persistently remain around the £1.50 mark.
Today Brent crude prices fell 1.8 per cent to $106.7 a barrel, amid hopes the conflict in Libya may finally be drawing to a close.
“As world oil prices fall below $110 a barrel, everyone needs to see a fall in pump prices,” Mr Scott said.
“The changing government in Libya and falling international demand means that crude oil is now 20 per cent lower than in April.
“Petrol prices in Shetland tend to only go up. There can now be no justification for that. World wide prices are falling. Supermarkets on the Scottish mainland are in a price war, and we still face a huge 15p extra cost of filling up in Shetland.
“Unfortunately Shetland has only one company importing fuel – they charge what they want but there’s no doubt that Shetlanders pay the highest prices anywhere in the UK.
“Prices must now fall. I’ve asked the Office for Fair Trading to investigate why we pay so much more than Aberdeen or all points south. The OFT have been next to useless so far.
“If prices fall, then at last we will benefit from the changes to world wide prices. But if not, then it is blatant profiteering. That must be investigated by the competition authorities.”