Fuel prices

UK fuel prices

The biggest benefits of petrol and diesel vehicles over hybrid and battery electric (EV) models is the range available and the speed of refuelling. Not only will they generally go further than plug-in vehicles, but it also only takes a few minutes to top up the tank with petrol or diesel, and be on your way again from any one of thousands of filling stations in a huge refuelling network. Below are up-to-date fuel prices for the UK.

The main problem with petrol and diesel vehicles is that the cost of fuel constantly fluctuates and it is the biggest unknown when budgeting for a new car. Price, tax and insurance costs are all available to find out in advance, while petrol and diesel prices could change from one day to the next.

The way to protect yourself as best as possible from being hit hard by fuel cost increases is to pick a car which has a high MPG figure - or opt for a hybrid, plug-in hybrid, or electric vehicle. If you stick with petrol or diesel models, choosing a high MPG car will see you spend less time at the filling station, spending less on your travelling, and also emitting fewer emissions.

Cost of fuel

The cost of fuel is made up from a number of factors. The largest cost is normally Fuel Duty, currently charged by the UK Government at 57.95 pence per litre for petrol, diesel, gas and bio-ethanol.

After that comes the cost of the fuel itself which varys greatly and depends on the cost of crude oil - it typically makes up around 33 per cent of the price at the pump. Another significant factor is VAT, charged at 20 per cent on all consumer fuels, which leaves only around 3-5 per cent of the cost of fuel at the pump going to the retailer - around 2-5p per litre, according to the RAC Foundation.

Chris Lilly

Author:Chris Lilly
Date Updated:13th Nov 2017

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