Fuels Statistics 2023

UK petrol price breakdown

UK PETROL PRICE BREAKDOWN

Pre-Tax

Duty

VAT

£/L

Petrol prices in 2022 were 30.7% higher than the 10-year average price, due to the global energy crisis.

1.5

1.0

0.5

UK diesel price breakdown 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 10-Yr Avg

0.0

Source: DESNZ

UK DIESEL PRICE BREAKDOWN

2.0 £/L

Pre-Tax Duty VAT

Diesel prices in 2022 increased more than petrol at 31.7% yoy compared to 25.3% yoy for petrol respectively. The UK is a net imported of diesel, while it exports surplus petrol, explaining the different impacts on price in the UK.

1.5

1.0

0.5

0.0

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 10-Yr Avg Source: DESNZ

40

Fuels Statistics 2023

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