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Budget 2018

29th October 2018
 
The Chancellor delivered his Budget today. 

Duty on road fuels will remain at the current rate of 57.95 pence per litre. A VAT rate of 20% is also charged on the total pump price of diesel and petrol.

Pre-tax pump prices in the UK have remained among the lowest in the EU in 2018 as they have been over the last 10 or more years, yet duty and VAT add to the price at the pump

For more information on pump prices, click here

Ends

Enquiries to: UKPIA Press Office, Tel. 020 7269 7605

1. UKPIA represents eight oil refining and marketing companies that operate the six major oil refineries in the UK and source over 85% of the transport fuels used. UKPIA members also own around 1,250 of the UK's 8,476 filling stations in the UK.
2. UKPIA members supply over 33% of the UK’s primary energy needs and support the employment of over 80,000 people across the UK.

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UK Petroleum Industry
Association Ltd.
Swan House 
37-39 High Holborn
London 
WC1V 6AA

Tel: 020 7269 7600
info@ukpia.com

 

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