Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-25-Speech-4-177"
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"en.20080925.17.4-177"2
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".
I voted for this resolution because, in stressing the discrepancy between the value of crude oil on the international markets and the final price of fuel, it manages to address this sensitive issue without taking the emotive approach adopted by some governments, such as the Portuguese Government, for example.
In Portugal, Minister Manuel Pinho revealed not only his total confusion (and limited power to intervene), but also an unacceptable interference in the regulator’s independence. This is no more than wishful thinking in the run-up to elections.
I reject any administrative price-fixing or fiscal harmonisation of fuel at European level.
I agree to tax intervention (VAT and production tax), provided it is temporary and selective in favour of the most seriously affected households and industrial sectors.
To my mind, the solution essentially involves reinforcing current oil regulations. Rather than expecting it to fall into line behind the Minister’s statements or consumer complaints, the Competition Authority should act within its powers of initiative to overcome the climate of mistrust surrounding its capacity to oversee the oil sector. Portuguese public opinion deserves a firm guarantee that anti-competitive practices are not a factor in the establishment of prices. If it is confirmed that they are, then the Competition Authority must intervene impartially and impose exemplary sanctions."@en1
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