Two new measures to facilitate transparency in fuel prices were presented by the south’s Energy ministry this week in a meeting with officials from parliamentary party and consumer associations.
The measures are an improvement on the weekly review of fuel prices at petrol stations, monitored and updated by the ministry, and comprise a sorting tool on the ministry’s website (http://www.mcit.gov.cy) which ranks 295 gas stations across south Cyprus from cheapest to most expensive, as well as an application for mobile phones and tablets.
The website is updated in real time, whereas the mobile app is updated hourly.
Energy minister Yiorgos Lakkotrypis said the platforms will help consumers pick the cheapest station available to them, thus boosting competition in the field of fuel prices – which have been liberalised since 2004.
“As soon as the price at the pump changes, the price changes on our website,” Lakkotrypis said.
The app, named ‘Map Cyprus’, allows users to identify the ten cheapest stations in their area. Through GPS, the application scans the area for the cheapest fuel the user has specified, and depicts the ten cheapest locations on a map. The application also states when the station owner last updated the fuel prices listed.
Source Cyprus Mail