Bute MP calls for heating oil price probe

Energy giant DCC has attributed its "excellent year" to last winter's cold weather.
Energy giant DCC has attributed its "excellent year" to last winter's cold weather.

Argyll and Bute MP Alan Reid has called on the Office of Fair Trading to mount an urgent investigation after an energy giant which supplies the Highlands and Islands saw profits jump by more than 50 per cent.

Mr Reid spoke out on Monday after DCC, which sells heating oil under the Scottish Fuels and Brogan brands, saw revenues rise by £1.8 billion and profits jump by 56 per cent.

The firm attributed its “excellent year” to the cold weather experienced last winter.

Mr Reid said: “These excess profits are a complete and utter scandal. I am outraged that DDC are boasting that they made these excess profits last year because of the cold winter.

“Their huge profits are made at the expense of people who are struggling to heat their homes.

“The Office of Fair Trading must investigate. I was annoyed when the OFT said before there was nothing wrong with the workings of the heating oil market. It’s high time they got a grip on the situation and investigated.

“These massive profits show there is something far wrong. People in rural areas are being exploited.”