Pump prices

In this section you will find information related to petrol, diesel and oil prices, and levels of fuel taxation.

The fluctuating price of fuel at the pump for petrol and diesel is the result of more than just production and distribution costs. When paying at the pump, factors at play include the crude oil price, the price of biofuels when in the fuel, delivery and distribution costs, Fuel Duty (FD), Value Added Tax (VAT), greenhouse gas obligations, development fuel obligations and forecourt costs and profits.

March (6th) 2023 product prices and tax breakdown
Product price petrol (excluding VAT and Fuel Duty) 69.74 pence / litre
Product price diesel (excluding VAT and Fuel Duty) 86.32 pence / litre
VAT and Fuel Duty (petrol) 77.41 pence / litre
VAT and Fuel Duty (diesel) 81.01 pence / litre




Table 1: Petrol and diesel costs and increases

The information shown above for UK pump prices is based on information published by BEIS (see link at bottom of page), UKPIA does not collect data on prices from its membership.

Brent crude is a useful indicator of crude price changes and shows broad alignment with finished product prices although UK refineries make use of a range of crude oils. BEIS also publishes data on UK Refined Crude to provide a 'price index for supplies received by refineries in the UK from both indigenous and imported sources,' which represents the average for the month calculated in sterling.


Graph showing oil price changes over time


Source: EIA



Source: EIA

Other useful links

The source data for the figures above is found here for BEIS and here for EIA – both are updated weekly.

The RAC Foundation publishes daily pump price changes here as well as other information on pump prices, tax revenues, and an indicative breakdown of the wholesale prices of fuels.

The AHDB also collects data on red diesel prices here.

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