More Fuel Data Transparency Available in Southern Europe
27th February 2017
Fuel and service card provider DKV Euro Service is now offering its customers even more up-to-date price information across more of Europe. Following the example of Germany and France, the Italian, Spanish and Portuguese authorities have been publishing current price data for some time, which can now be used in DKV products.
“We welcome the decision of the authorities to make their data available for our products,” says Dirk Simon, Head of Fuel & Payment Authorisation at DKV Euro Service. “With more price transparency come higher added value for our customers and increased individualisation of the products and services concepts we can arrange with them.” Until recently, fuel price information outside Germany was based on transaction data from fuel card providers. As a result, customers had no current price information about less frequented fuel stations.
Only time will tell whether this increased price transparency in further parts of Europe will have similar effects to the facility provided by the Market Transparency Unit in Germany.
“We will monitor the market meticulously and keep our customers informed of changes,” says Simon.