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Oil firms 'still not passing on full saving to motorists' |
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Written by Karl
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Wednesday, 18 March 2009 12:58 |
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 The latest Daily Mail Cost of Living Index reveals prices paid at the pumps are lagging behind the 55 per cent fall in the value of crude oil. Oil giants are artificially inflating the cost of living for millions, figures suggest. The European Commission has launched an inquiry, following an official complaint from the European umbrella organisation for motoring groups, the Federation Internationale de l'Automobile.Brent crude is currently trading at $44.55 a barrel, down from $100.3 in March last year - which should mean significantly lower prices across the economy. This means motorists filling up with the average 85 litres over a month are missing out on £12.91 monthly saving - or just under £155 a year. Source: Daily Mail
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