answer text |
<p>BEIS publishes weekly national average pump prices: <a href="http://www.gov.uk/government/statistical-data-sets/oil-and-petroleum-products-weekly-statistics"
target="_blank">www.gov.uk/government/statistical-data-sets/oil-and-petroleum-products-weekly-statistics</a>.
The Department’s analysis shows that both rises and falls in crude oil prices are
passed through to consumers over the course of 6-7 weeks. No evidence has been found
to suggest that, for given changes in crude oil prices, retail prices rise faster
than they fall.</p><p> </p><p>Competitive markets ensure that consumers get a fair
deal and that road fuel prices stay as low as possible. This framework delivers pre-tax
prices in the UK which are below the European average.</p>
|
|