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The move puts into effect a European Union directive to improve the transparency of pricing.
This is not a reason to deny them the opportunity, but it does mean strict regulatory oversight is vital, with transparency of pricing and possibly controls on charges.
However, the issue of bank current account charges is a matter of real concern to the banks' customers, and raises wider questions about competition and transparency of pricing.
It concluded that service station prices were inflated by 7.5p per litre for unleaded and 8p for diesel and suggested the lack of transparency of pricing was a factor.
John Fingleton, the OFT's chief executive, said: "The issue of bank current account charges is a matter of real concern to the banks' customers, and raises wider questions about competition and transparency of pricing.
"MG's pricing mechanism has worked effectively for many decades and through many industry cycles but we do believe there is scope to improve the transparency of pricing for Australian dairy farmers," Tracy wrote.
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Most importantly, she wants the government to demand transparency of price and quality from this notoriously murky industry.
Increasing transparency of price, service and quality is therefore essential for consumers to get a better deal.
"Following our call in July Airbnb informed us that it accepted to improve transparency of prices — so the consumers can know up front about the final price or additional costs, like cleaning fees or local taxes.
With so many options that consumers have access to and the transparency of prices, the ability to charge a price premium is more important than ever before.
They called for policy changes to stop the practices, including improving transparency of prices, preventing the misuse of patient assistance programs and co-pay coupons, and allowing temporary imports of certain medicines to lower prices.
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