Under a new Government-backed Fuel Finder initiative, petrol station forecourts are now required to report any changes in fuel prices within 30 minutes of their implementation. This measure aims to enhance pricing transparency and provide consumers with timely and accurate information on fuel costs.
Confirmed by the Department for Energy Security and Net Zero on Monday, February 2, the new initiative aims to help drivers find the cheapest fuel nearby. Pricing updates will be shared with third-party apps and websites so motorists can easily compare costs. “Fuel Finder is a new Government service that makes fuel prices accessible to third-party platforms, helping drivers save money,” an official statement said. First mentioned in last November’s autumn budget by Chancellor Rachel Reeves, the plan introduces rules requiring forecourts to share real-time price changes. “This will empower drivers to spot the best deals, call out rip-offs, and boost competition,” the Chancellor explained.
Reacting to the announcement, RAC’s Head of Policy, Simon Williams, expressed hope that this marks the beginning of a move toward cheaper fuel prices across the UK. The Government’s new scheme aims to boost competition among retailers, giving drivers better value at the pumps. With more of the country’s 8,300 forecourts submitting daily prices, drivers will soon be able to easily find the cheapest options nearby using their preferred app or sat-nav. Prices will go to a Government-appointed aggregator, with the Competition and Markets Authority (CMA) overseeing compliance and issuing fines for rule breaches. According to official guidance, the CMA will take a targeted and proportionate approach to investigating suspected violations, depending on their nature and severity, and failure to comply with information requests without reasonable excuse could result in financial penalties.
In July 2023, CMA Chief Executive Sarah Cardell spoke about the Fuel Finder Scheme, noting that competition at the pump isn’t working as it should and change is needed quickly. She said competition among fuel retailers must be reignited, which means making it easier for drivers to compare up-to-date prices so retailers work harder for their business. Given how important this market is to millions across the UK, she added, it should be supported by a new fuel monitor function hold the industry accountable.
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