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Germany: Antitrust heads real-time gas price site for drivers

By  |  September 12, 2013

Germany’s antitrust regulator has launched a new database updated with real-time gas prices for the nation’s drivers to find the least expensive gas stations, a move that will simultaneously allow the watchdog to pinpoint potential price abuses.

Reports say gas stations will be required to update their fuel prices to the database every time they are changed. About 13,100 stations will mark the first update, with all 14,500 stations a part of the next update after December 1 of this year.

While a convenient aid to consumers, the information will also be available to consumer watchdogs, including the nation’s major motorists’ lobby ADAC.

In an online statement, Germany’s Federal Cartel Office said the database facilitates the regulator “to intervene in cases of illegal displacement strategies and other forms of abuse of market power.

Full Content: Reuters

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