Liquid Fuel Prices – views sought from businesses

As part of the investigation launched by the Office of Fair Trading into the price of liquid fuels in the Isle of Man, the Office is seeking views from the public. The investigation is considering the prices being charged for unleaded petrol, high octane petrol products, diesel and red diesel, kerosene and gas oil heating fuels.

The Office is particularly keen to receive information from businesses and commercial organisations which is relevant to the investigation.

Comments must be made in writing either by post, email or fax. A comments form has been added to the Office’s website as an additional means by which views can be submitted.

Anyone submitting comments should identify any information that they would wish to remain confidential as relevant information received may be appended to the final report.

The Chairman of the Office of Fair Trading, Bill Henderson MHK, said, "We are making good progress with this investigation and have now received a number of comments from members of the public. I would like to take this opportunity to thank them for their valued input. It is vitally important that we receive a wide range of views and we are still welcoming submissions. We would be particularly pleased to have the views of businesses and commercial organisations that are affected either directly or indirectly by the price of liquid fuels. Have your say, give us any information which you think might help”.

The closing date for comments is Friday 3rd April.

NOTES

The investigation is being carried out under Section 19 of the Fair Trading Act 1996 which enables the Office of Fair Trading to conduct an investigation into any price which is of major public concern with a view to providing the Council of Ministers with information.

In 2001 the Fair Trading Act was amended to provide an additional stage of the investigation and where the subsequent report finds that particular prices are excessive and against the public interest the Council of Ministers now have powers to make an Order that can either fix prices or require them to be determined in a particular way.

Contact details for comments:-

Post:

Email: iomfairtrading@gov.im

Fax: (01624) 686504

Internet:http://www.gov.im/oft/contact/contactform.gov