Bloomberg News

U.K. May Force Gasoline Retailers to Cut Prices, BBC Reports

May 30, 2012

Transport Secretary Justine Greening said the British government is considering legislation to force retailers of gasoline to pass on lower fuel costs to motorists, the BBC reported.

Greening said she wants gas stations to cut prices voluntarily “but if that doesn’t work we will look at some of the things other countries have done like Germany, Austria and Denmark, who have taken more mandatory action in this area,” the BBC reported on its website today. “I’m really determined that motorists get a better deal,” it cited her as saying.

The broadcaster, quoting an unnamed official in Greening’s department, said retailers have a matter of weeks to agree on a voluntary code of conduct or face legislation to force prices lower.

To contact the reporter on this story: Gonzalo Vina in London at gvina@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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