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OFT boosts transparency on heating oil prices


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OFT boosts transparency on heating oil prices

 

26 July 2012

 

Following OFT action, GB Oils Limited, the largest supplier of heating oil in the country, has changed its domestic heating oil contracts ensuring quoted prices do not increase from the time an order is made until the customer is billed on delivery.

 

When a consumer orders from a supplier, 'spot' prices are quoted that reflect the current market price of oil. The OFT has today secured legally binding undertakings from GB Oils to change its terms and conditions ensuring prices quoted at order remain fixed until delivery.

 

 

http://www.oft.gov.uk/news-and-updates/press/2012/64-12

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