Menu
13/09/2001
Consumer outrage at oil price hike
Northern Ireland's General Consumer Council has heavily criticised the oil industry for “hiking” up oil prices following Tuesday’s horrific terrorist attacks in America.
Chairman of the General Consumer Council Joan Whiteside said oil providers in the province had raised prices on their existing stocks just 24 hours after the attacks in the US.
Mrs Whiteside said: "Angry consumers have been ringing to ask us why oil has gone up so dramatically within 24 hours. They are outraged that the oil industry is profiteering from the terrible events of Tuesday."
She added: "We cannot see justification for oil companies jacking up the price on existing oil stocks. The council demands the oil consumers get a fair deal."
Following the devastation of the New York World Trade Centre’s twin towers with the loss of thousands of lives on Tuesday, oil prices jumped nearly $4 a barrel in London, before trading was suspended on most major world commodity exchanges.
However, when trading resumed, the price of oil seemed to be stabilising.
Prices of oil, gold and bonds, which surged after the strikes as money switched to assets considered "safe havens", fell back in trade on Wednesday. (AMcE)
Chairman of the General Consumer Council Joan Whiteside said oil providers in the province had raised prices on their existing stocks just 24 hours after the attacks in the US.
Mrs Whiteside said: "Angry consumers have been ringing to ask us why oil has gone up so dramatically within 24 hours. They are outraged that the oil industry is profiteering from the terrible events of Tuesday."
She added: "We cannot see justification for oil companies jacking up the price on existing oil stocks. The council demands the oil consumers get a fair deal."
Following the devastation of the New York World Trade Centre’s twin towers with the loss of thousands of lives on Tuesday, oil prices jumped nearly $4 a barrel in London, before trading was suspended on most major world commodity exchanges.
However, when trading resumed, the price of oil seemed to be stabilising.
Prices of oil, gold and bonds, which surged after the strikes as money switched to assets considered "safe havens", fell back in trade on Wednesday. (AMcE)
Related Northern Ireland News Stories
Click here for the latest headlines.
21 February 2024
PSNI Identify Body Recovered From Lough Neagh
A body recovered in a coastline area of Lough Neagh on Sunday 18th February has been identified as Alan Whiteside. The 33-year-old Mr Whiteside was reported missing to police in Antrim on Sunday, 17 December. PSNI Detective Inspector Lenaghan said that Mr Whiteside was identified following a post-mortem examination.
PSNI Identify Body Recovered From Lough Neagh
A body recovered in a coastline area of Lough Neagh on Sunday 18th February has been identified as Alan Whiteside. The 33-year-old Mr Whiteside was reported missing to police in Antrim on Sunday, 17 December. PSNI Detective Inspector Lenaghan said that Mr Whiteside was identified following a post-mortem examination.
04 April 2024
24 NI Secondary Schools Secure Place On Lidl Sport For Good Programme
Lidl Northern Ireland has announced the 24 secondary schools to secure a place on their award-winning Sport for Good programme.
24 NI Secondary Schools Secure Place On Lidl Sport For Good Programme
Lidl Northern Ireland has announced the 24 secondary schools to secure a place on their award-winning Sport for Good programme.
01 March 2024
New 'Make it Local' Campaign Launched In Newry, Mourne and Down
Newry, Mourne and Down District Council and the Department for Communities has launched a new 'Make It Local' public relations and advertising campaign, to urge residents to buy from and celebrate their local and independent businesses.
New 'Make it Local' Campaign Launched In Newry, Mourne and Down
Newry, Mourne and Down District Council and the Department for Communities has launched a new 'Make It Local' public relations and advertising campaign, to urge residents to buy from and celebrate their local and independent businesses.
18 April 2024
90% Of NI Consumers Concerned About Rising Cost Of Basics
90% of consumers in Northern Ireland are concerned about the rising cost of basics, according to new research from the Consumer Council. Basics refer to the everyday living essentials such as housing, energy, food, transport and telephone/mobile and broadband costs.
90% Of NI Consumers Concerned About Rising Cost Of Basics
90% of consumers in Northern Ireland are concerned about the rising cost of basics, according to new research from the Consumer Council. Basics refer to the everyday living essentials such as housing, energy, food, transport and telephone/mobile and broadband costs.
03 April 2023
Energy Price Changes Advice Issued By Consumer Council
The Consumer Council has issued new advice for local consumers as energy price changes begin to come into effect. Electric Ireland, Power NI, Budget Energy and firmus energy have recently announced changes to their tariffs.
Energy Price Changes Advice Issued By Consumer Council
The Consumer Council has issued new advice for local consumers as energy price changes begin to come into effect. Electric Ireland, Power NI, Budget Energy and firmus energy have recently announced changes to their tariffs.
-
Northern Ireland WeatherToday:A fine dry days weather with sunshine quite widespread, particularly from mid-morning. Temperatures best across southern districts. North to northwesy breezes occasionally freshening around the coasts. Maximum temperature 15 °C.Tonight:Most dry with good clear spells bringing a rural frost in the south for some. Cloudier around northern coasts where the odd light shower may develop. Northerly breezes persisting. Minimum temperature 0 °C.
