UK oil majors cleared of 'anti-competitive behavior'

The UK Office of Fair Trading (OFT) has rejected claims first made by a number of independent fuel retailers in September that major oil companies were selling wholesale fuel to them at prices higher than at their own branded service stations. Following an inquiry into allegations of anti-competitive behavior by oil giants, the OFT concluded that a combination of high crude prices and public pressure on UK retail prices were to blame for a squeeze on retailers' margins.

Send this story to:

Enter the email address of the recipient.
Separate multiple addresses with commas.

Add your own personal message:

Enter your email address:

Note: Your email address is used only to let the recipient know who sent the story, and in case of transmission error. Both your address and the recipient's address will not be used for any other purpose.