The government "will not tolerate" energy firms profiteering from the rising price of oil and the competition watchdog is primed to step in to prevent petrol price "rip-offs", Energy Secretary Ed Miliband told the BBC. The oil price rocketing over the conflict in the Middle East has caused widespread concern over how that could feed through to bills, with households reliant on heating oil already facing sharply higher prices. Pump prices have also risen. Miliband did not rule out direct support or extending the freeze on fuel duty if the conflict continued. Speaking earlier, shadow transport secretary Richard Holden accused Chancellor Rachel Reeves of failing to act to ease the cost of living. Miliband pushed back against calls to change tack on net zero, arguing the UK needed to get off the "fossil fuel rollercoaster". "We've got to have clean, homegrown power that we control," he said.…