Since IIRC Oil prices hit over $120 a barrel and are now below $50 i.e. a reduction of over 58% (and I cannot remember any recent case of oil being below $30 a barrel), doesn't this seem to imply imply that to remove fuel surcharges completely oil would have to be given away free and BA given $160 per barrel to take it before the fuel surcharge would be scrapped? Since a $70 reduction in the price of a barrel of oil only gives a 25% reduction, there would need to be a further $210 reduction in oil price before the "surcharge" would be removed.

This seems to me a matter for the OFT to investigate because this is clearly not a fuel surcharge fee in any way shape or form.