;ovt rejects RHA !aims on dery prices
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Oil company pricing policy dery over the past two iths has fairly reflected the ket price, says Consumer irs Minister Michael yard in a rebuff of Road lage Association claims to contrary.
ioward says that recent )s in the price of dery indi; that competitive market es are working in the mar; for these products. He rejects RHA claims made in a letter to the Prime Minister that the oil companies are maintaining artificially high prices for derv.
Howard says that the Director General of Fair Trading will continue to monitor the relative behaviour of dery and petrol prices, but he rejects as premature any move on oil prices at present.
I towards says that factors affecting the price of dery include the recent relative rise in the price of gas oil on world markets, and the small margins earned by oil companies last year.
The RHA says it notes the Government's comments, but is "Still concerned that with a 16p differential in tax between dery and petrol, there is still no difference in price at the pumps."