Are oil firms manipulating the price of petrol?
The price of driving has long been a source of irritation for car-owners for ages, but the reports that suggests that drivers have been paying over the odds for fuel, thanks to a Libor-style price fix on oil is going to really grate.
An official report for the G20 group of world leaders suspects that oil prices are being manipulated and shouldn't be trusted. The oil market relies on firms to submit accurate figures on a daily basis, which is the same as the Libor interest rate which was rigged.
The wholesale price of oil is directly linked to the price you pay at the pump, which is set by petrol companies, meaning that motorists could well be getting ripped off by artificially high prices.
A spokesman for David Cameron said: “The important thing is that we have efficient and fair markets. If there is evidence that any market is being manipulated, that is a matter for the regulators and those regulators should look at it very carefully.”