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• The Freight Transport Association has slammed the big UK

8th September 1988
Page 4
Page 4, 8th September 1988 — • The Freight Transport Association has slammed the big UK
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Which of the following most accurately describes the problem?

fuel companies for allegedly forming a cartel to control market prices.

The FTA claims the cartel lures new customers by offering very low prices and then pushes up prices at regular scheduled intervals.

After studying the latest figures in its Managers' Fuel Price Information Service news letter, the F1'A says that new contract prices offered in August were below the Rotterdam Spot Price (corrected to Sterling plus UK duty).

The price hikes have a common pattern, with one of the major companies making the initial move and the others following suit.


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