Petrol Stations to Face Fines for Failing to Adjust Prices within 30 Minutes

In an effort to combat profiteering and ensure fair pricing for drivers, the government is reportedly finalizing plans to establish a Pumpwatch regulator, which will monitor petrol and diesel prices in real-time. This regulator will give petrol station owners a 30-minute window to adjust their prices accordingly, and failure to comply will result in fines. Howard Cox of FairFuelUK has called for strict financial penalties for firms engaging in profiteering at the expense of motorists. The Pumpwatch website will provide updated pricing information every 30 minutes, fostering competition among petrol stations and aiming to address the ‘postcode lottery’ of forecourt prices that currently exists.

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