THE average cost of petrol in the Isle of Man compared to the UK is available to view at a glance online.

The Isle of Man's Office of Fair Trading's monitoring of liquid fuel prices in the Isle of Man - and of independent dealer owned sites in the UK - can be accessed on its website and hard copies can be picked up from its advice centre in Lord Street, Douglas.

The figures for unleaded petrol and diesel on the OFT's website www.gov.im/oft will be updated on a monthly basis. 

The monitoring of fuel prices by the OFT - and making those findings publicly available - is part of its ongoing commitment to providing consumer information and this complies with a number of recommendations contained in the latest report into fuel prices in the Isle of Man which was published in April.

OFT chairman Bill Henderson MHK said: "I am pleased that the information obtained by the OFT will now be publicly available on our website and I am satisfied that we are meeting the recommendations within the latest liquid fuel report.

"I believe it is important that this office continues to provide and update the public with information in areas of consumer interest or concern.

"Fuel prices are always of interest to consumers and the publication of our liquid fuel monitoring document will add to the other price information such as the comparative heating schedule which is also available on our website.

"This is part of the OFT board's ongoing public commitment that when conducting fuel price investigations under the Fair Trading Act 1996 the office will ensure that there is transparency for consumers in regards to how fuel prices are constructed, that the costs of units of fuel are broken down and where possible price comparisons are made available so that consumers are fully informed of current market situations."