An inquiry being launched into fuel pricing by the Office of Fair Trading is said to be 'long overdue'.
The Office of Fair Trading (OFT) said it will conduct a six week long investigation into how oil companies and filling stations set their prices.
Since 2007 fuel prices have risen dramatically above the rate of inflation, diesel spiking at nearly £1.50 earlier this year. The Forum of Private Business said this has significantly driven up the cost of doing business for many small firms.
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