Minister calls on petrol firms and supermarkets to combat the rocket and feather effect
Petrol firms and supermarkets are to be pressed by the government to pass on the benefit of falling oil prices to motorists. The chief secretary to the Treasury, Danny Alexander, will demand an assurance from fuel companies and distributors that they are doing all they can to cut prices at the pumps.
Brent crude slumped as low as $82 (£51) a barrel earlier this week, its lowest level in just over four years due to concerns about oversupply.