Tech companies assist with fuel price transparency

Posted on 12th March 2024 by Streets -  General


Image to represent Tech companies assist with fuel price transparency

Leaders from top comparison sites, RAC and The AA will be among those meeting the Energy Affordability Minister to help share new fuel price data and keep costs down for motorists. 

Price comparison sites and map apps will have access to this new data as part of the government’s PumpWatch initiative, which aims to drive down prices at the pumps. The scheme will look to make fuel prices, updated within 30 minutes of changes, available to the public by the end of this year. The move will further drive competition and place even more power back into hands of consumers and motorists to get the cheapest fuel available in their area.

The latest step follows the government’s plans and support for motorists in the Spring Budget 2024, as fuel duty is frozen for a further 12 months, extending the 5p fuel duty cut and cancelling any increase with inflation. This has saved the average car driver around £250 over the past 3 years and is worth £13 billion.

Working with The AA, Confused.com, Go.Compare, PetrolPrices.com and RAC, the government is making sure the freely available data will be simple and easy to understand. The data could be used by journey planning sites and in-car devices too, to help over 41 million drivers to help save money wherever they live in the UK. 

The government presses on with work to keep bringing down costs for hardworking families. The fuel duty cut extension, alongside maintaining fuel duty rates at their current levels for another year, will save families 7p a litre for petrol and diesel compared to previous plans.


No Advice

The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.

Information

The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.


Expert insight and news straight
to your inbox

Related Articles


HMRC continues to target till fraud

HMRC has, for many years, looked to target businesses that deliberately undertake electronic sales suppression (ESS). ESS happens where a business deliberately manipulates its electronic sales records in order to hide or reduce the value of


Accessing the HMRC mobile APP

HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version of the app includes updated functionality.


Measures to support household budgets from 1 April

In a recent press release the government confirmed the following policies to support household incomes from 1 April 2024. The National Living Wage has officially risen from £10.42 an hour to £11.44. This marks a £1,800 annual boost to full-time workers’ pay packets. This means nobody over ...


You might also be interested in...