The Chancellor in his Budget today announced that duty on road fuels will remain at the current rate of 57.95 pence per litre.
A VAT rate of 20% is also charged on the total pump price of diesel and petrol.
In 2015, duty and VAT accounted on average for 69% of the price of fuel at the pump. Pre-tax pump prices in the UK have been consistently amongst the lowest in the EU over the last 10 or more years.
For more information on pump prices, click here.
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Notes to Editors:
- UKPIA represents eight oil refining and marketing companies that operate the six major oil refineries in the UK and source over 85% of the transport fuels used. UKPIA members also own around 1,800 of the 8,494 filling stations in the UK.