Difference between revisions of "Fuel Prices United Kingdom"
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Latest revision as of 09:15, 12 December 2014
Part of: GIZ International Fuel Price database
Also see: United Kingdom Energy Situation
Fuel Pricing Policies
| Local Currency: | GBP |
| Exchange Rate: | 0.625
|
| 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* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Source: AA (http://www.theaa.com/)
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 |
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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
