News 2020
Petrol prices fall again
Peak Petrol, a subsidiary of the Fadsa supermarket chain, today lowered its prices once more while accusing its rivals of "chronic non-receptivity to market forces".
The latest reduction follows revelations that ExxonMobShill and the American-owned BritOil both exaggerated forthcoming oil field discoveries in their reports to shareholders.
Both companies have since undergone extensive executive overhauls, with large punitive severance packages awarded to the departing board members.
"We believe the scale of these payments will serve as a deterrent to shareholders against further vindictive action," said industry spokesperson Nigel Feasting-Piranha today.
Mr Feasting-Piranha's statement also praised Fadsa and Peak Petrol for their "motorist opportunification enhancement measures", and expressed the hope that other retailers would follow suit in lowering their own prices.
"As oil becomes more and more scarce, obviously demand will rise out of all proportion to companies' ability to supply it," Mr Feasting-Piranha continued. "The time to raise prices will be when the supply runs out and profits can no longer legitimately be made in any other way."
The Chancellor issued a statement agreeing with Mr Feasting-Piranha's statement. "Obviously, if you are a fiscally responsible trading company there is no point in pricing yourself out of the market until you have nothing left to sell," he said.
Attempting to raise prices artificially just because the supply was about to run out would be "an inexcusable interference with the free market," the Chancellor said.
Fadsa, a subsidiary of the US chain Warmall Global, has lowered its petrol prices three times in the past month, sparking accusations of attempting to ignite a price war amid the fuse of a gathering tinderbox lighting a potentially explosive road to a smouldering energy crisis.
Peak Petrol, a subsidiary of the Fadsa supermarket chain, today lowered its prices once more while accusing its rivals of "chronic non-receptivity to market forces".
The latest reduction follows revelations that ExxonMobShill and the American-owned BritOil both exaggerated forthcoming oil field discoveries in their reports to shareholders.
Both companies have since undergone extensive executive overhauls, with large punitive severance packages awarded to the departing board members.
"We believe the scale of these payments will serve as a deterrent to shareholders against further vindictive action," said industry spokesperson Nigel Feasting-Piranha today.
Mr Feasting-Piranha's statement also praised Fadsa and Peak Petrol for their "motorist opportunification enhancement measures", and expressed the hope that other retailers would follow suit in lowering their own prices.
"As oil becomes more and more scarce, obviously demand will rise out of all proportion to companies' ability to supply it," Mr Feasting-Piranha continued. "The time to raise prices will be when the supply runs out and profits can no longer legitimately be made in any other way."
The Chancellor issued a statement agreeing with Mr Feasting-Piranha's statement. "Obviously, if you are a fiscally responsible trading company there is no point in pricing yourself out of the market until you have nothing left to sell," he said.
Attempting to raise prices artificially just because the supply was about to run out would be "an inexcusable interference with the free market," the Chancellor said.
Fadsa, a subsidiary of the US chain Warmall Global, has lowered its petrol prices three times in the past month, sparking accusations of attempting to ignite a price war amid the fuse of a gathering tinderbox lighting a potentially explosive road to a smouldering energy crisis.
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