VIDEO: Will the Government bring in tough U.S.-style penalities for oil fraud?

Today I asked the Government to look into the United States Governments proposals to introduce penalties for price fixing by Oil companies - something that the PetrolPromise.com campaign has been pressing for.

Please see my question below:

Robert Halfon (Harlow): Whilst welcoming the Government's cut in Fuel Duty, the market price of oil is still too high. Partly because of oil speculation. The United States is bringing in tough penalties for price fixing and market manipulation. Will you urge your Government colleges to look at this and also put pressure on the big oil firms, to cut prices at the pumps?

Parliamentary Under-Secretary of State for Wales (David Jones): As I said the Government does recognise the impact of the rising cost of fuel on both people and businesses in Wales. However it should be remembered that the Duty increase expected to take place in January of this year has been deferred to August, and we have also cancelled the inflation increase that was planned for August. This means that there will be just one inflation only increase this year.

by Robert Halfon - Working Hard for Harlow.