Following on from this year’s Autumn budget it has been announced that the Department for Transport (DfT) is set to launch a trial in the new year that will allow fuel comparison signs to be put up at five service stations on the M5 between Bristol and Exeter.
Talking about the trial Transport Minister Robert Goodwill said: “For too long drivers have been ripped off by petrol prices on motorways. This government wants to support the hardworking people of Britain and build a fairer society.
“Today’s announcement will ensure people can see the cheapest places to fill up, encouraging greater competition between service stations.”
The idea for such signs to be introduced were first mentioned back in January 2013, when a report completed by the Office of Fair Trading (OFT) warned of the high prices found on the motorways and called for UK petrol and diesel prices to be advertised in a more open and transparent form.
In last year’s report, the OFT found that motorway station prices for petrol, when they were compared with prices throughout the country, were an average of 7.5p per litre dearer and diesel was 8.3p per litre more expensive.
Ultimately it seems as though the trial that will take place next year can work to provide motorists with the latest prices at stations they are approaching, allowing them to choose to go elsewhere to find a better deal – meaning that petrol stations will need to become more competitive to attract customers.
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