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In the News

UK government may launch fuel price comparison website

Graham Watson

13th October 2022

If you provide better information, then markets operate more efficiently. This is what economic theory would suggest, and it seems that the operation of the petrol market in Northern Ireland has suggested that the provision of a fuel price comparison site has meant that petrol prices in the province have been more competitive than they would otherwise have been.

As a result, the Transport Minister, Anne-Marie Trevelyan, is considering adopt a similar scheme on the mainland, and the Competition and Markets Authority's review of the market seems to support such an idea.

Read about this story on the BBC news website

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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