Driver fuel price database to break cartel hold
The Local · 12 Sep 2013, 16:13
Published: 12 Sep 2013 16:13 GMT+02:00
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Over 14,000 German petrol stations will electronically transmit their prices for petrol and diesel in real-time. The prices will be listed in a database, set up by the Federal Cartel Office.
Companies like motoring association ADAC will have access to the database, while the public should be able to see to it via websites and apps.
Initially, 13,000 petrol stations will take part and if it is successful this will expand to 14,500 by December 1st, news agency Reuters reported.
For the Federal Cartel Office, it should make it easier to crack down on the five biggest fuel companies – as they currently have control over the market. Allowing people to access the cheapest petrol or diesel should, it said, encourage more competition.
Yet Green Party MP Bärbel Höhn pointed out that “real profits will have already been skimmed off by refineries before the sale at the petrol station.”