Autumn Statement announces motorway petrol price comparison signs

Today’s Autumn Statement saw the government announce plans aimed to encourage competition and lower fuel prices by introducing signs on motorways indicating fuel costs at service stations. 

Starting early next year, the Department for Transport (DfT) will look to pilot the scheme at five service stations on the M5 between Bristol and Exeter. 

The announcement comes in response to a report by the Office of Fair Trading in January 2013, which highlighted the difference in price between fuel bought on motorway stations compared with elsewhere.  The report also called for more public information on UK petrol and diesel prices. 

Click here for the full story, published by the Department for Transport.