Fuel Prices United Kingdom

Part of: GIZ International Fuel Price database
Also see: United Kingdom Energy Situation

Fuel Pricing Policies

Local Currency:	GBP
Exchange Rate:	0.625 (2010/11/17)
Last Update:

The downstream market is liberal and privatized in the UK. An official fuel price monitoring (as e.g. in France) is not installed in the UK.

Fuel taxes and VAT were quite volatile over the last years. The so-called „fuel escalator“ mechanism was installed in the 1990s to bind fuel prices to the national CPI. Beside this mechanism, the duty for fuels was changed almost every year.

The VAT changed several times over the last years: From 17,5% (until late 2008) down to 15% (until Dec 2009), back to 17,5% (until Dec 2010) and to 20% (from Jan 1st 2011).

A new „fair fuel stabiliser“ policy was being discussed in spring 2011. According to this plan, the duty on fuel shall be bound to the CPI in times of high crude oil prices (being above some threshold), or to the RPI (Retail Price Index) in times of low crude oil prices. A comprehensive summary of fuel taxation can be found at →A1 (http://www.petrolprices.com/fuel-tax.html).

Fuel Prices and Trends

	Gasoline 95 Octane	Diesel
in USD*
in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil

Fuel Price Composition

Price composition for one litre of Gasoline 95 Octane as of 2011/04/01.

For an assumed pump price of 1,329 GBP.

(*Retailer Margin includes transport, storage, other costs and profits.)

Source: http://www.petrolprices.com/price-of-petrol.html

At a Glance

Regulation-Price-Matrix	Transparency of Price Composition Transparency of Pricing Mechanism / Monitoring

Official monitoring and officially published indicative prices are missing.

Sources to the Public

Type of Information	Web-Link / Source
Price Composition	http://www.petrolprices.com/fuel-tax.html (Non-official)
Pump prices and margins	http://www.theaa.com/motoring_advice/fuel/index.html (Non-official)

Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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