The Petrol Retailers Association (PRA) has bought BigOil.net, a fuel price web service that provides access for forecourt retailers to cost price information used by their oil suppliers.

PRA director Ray Holloway said: “By finalising the purchase of BigOil.Net the PRA has secured the future of this established service.

"It provides vital price information to petrol retailers, so ensuring its continued transparency and ease of understanding was a priority for us.”