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Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
From 23 March 2022 the UK duty rate for the road fuels unleaded petrol, diesel, biodiesel and bioethanol is £0.5295 per litre (£2.41/imp gal; £2.00/US gal). [ 24 ] Value Added Tax at 20% is also charged on the price of the fuel and on the duty.
Even with the 5p per litre cut in fuel duty in spring 2022, the UK has Europe’s joint highest rate of duty on diesel with Italy at 52.95p per litre, but Italy’s average pump price is 7p per ...
In 2014, according to Eurostat, the mean EU28 price was €1.38 /L for euro-super 95 (gasoline), €1.26 /L for diesel. [62] The least expensive gasoline was in Estonia at €1.10 /L, and the most expensive at €1.57 /L in Italy. [62] The least expensive diesel was in Estonia at €1.14 /L, and the most expensive at €1.54 /L in the UK. [62]
Three months of falling pump prices ends as full tank of diesel goes up by £5 to £105.
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The UK average petrol price as of 11 January 2016 is £1.01 per litre. This is slightly above the European average but is 30p lower than the peak in 2014. With declining oil prices, it has been suggested petrol could fall to 86.9p per litre if oil prices fall to $10 a barrel. Average diesel prices are currently £1.03 per litre.
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