Australia: “World first” service to offer real-time fuel prices

Informed Sources (Australia) will be providing consumers and third party organisations site level retail fuel price information that is updated in near real time in a “world first” initiative.

With major fuel retailers and government bodies uniting to support the service, Informed Sources believes this is the first time in the world this kind of data is being made available free to the motorists without any cost to the tax payer.

“With agreement reached between Informed Sources, BP, Caltex, Woolworths, 7-Eleven and the Australian Competition and Consumer Commission (ACCC) late last year, we had the go-ahead needed to enable the frequent release of this data to the consumer”, said Alan Cadd, Managing Director at Informed Sources.

Informed Sources captures retail fuel price information in a number of ways including electronic capture from its larger subscribers. The Undertaking with the ACCC requires electronically captured data from all subscribing petrol retailers to be accessible at the same time to consumers and third party organisations.

“We see this as a real win for the motorist as they will be able to see accurate prices on a timely basis through our subsidiary MotorMouth, and with the innovation of app developers and commercial groups accessing the data from here on,” said Cadd.

Informed Sources has been capturing retail fuel prices and disseminating this data to its commercial clients for nearly 30 years.