Asda displays live fuel prices online after CMA report - RAC comment

Following this announcement from Asda today, please see below reaction from the RAC:

RAC fuel spokesman Simon Williams said: “While it’s good to see the supermarkets start to publish their pump prices, we don’t believe displaying them on websites will suddenly make retailers start charging fairer prices, particularly as free mobile apps such as myRAC can actually compare prices among all fuel retailers – large and small – wherever they are in the country.

“Real competition is the key, and this is something we are sadly lacking at the moment, other than in Northern Ireland where fuel is more than 4p a litre cheaper than the rest of the UK.

“We don’t believe we’re likely to see real change until we have an official price monitoring body, as recommended by the Competition and Markets Authority, that has the power to fine companies that don’t properly reflect significant downward wholesale market movements on their forecourts.”