Prices at the pump continue slight drop

Fri, 14 Nov 2014

Prices at the pump will continue a slow downward trend as long as oil prices remain low.

That's the assurance from the Office of Fair Trading - it's charged with keeping a close eye on any price fluctuations.

Chief Officer Mike Ball says although prices are likely to drop further they will always remain higher than the UK due to added transport costs.

He also explained the reason behind the delay in price cuts reaching the Island: