The Chancellor delivered his Spring Budget today.
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 2016, duty and VAT accounted on average for 70% 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.
Ends
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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 86% of the transport fuels used. UKPIA members also own around 1,216 of the 8,476 filling stations in the UK.