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Fuel giants Shell and BPs making £4million profit every hour |
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Written by Karl
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Tuesday, 28 October 2008 19:26 |
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 Fuel giants BP and Shell have reported massive third-quarter profits totalling nearly £9billion, thats a whopping £4million pound an hour. The head of BP has admitted higher pump prices have led to the company posting record profits of £6.4billion in three months, sparking furious claims the company is profiteering. Labour MP John McDonnell said: 'This is a grotesquely obscene level of profiteering by BP and I will be calling in Parliament for price controls and profit windfall taxes.'
The news comes after plummeting fuel prices have prompted OPEC to further cut oil production to drive prices back up - so make the most of the recent low fuel prices
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