The price of gas in the United Kingdom was *** British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to *** pence in the second quarter of 2025 before gradually falling to just under ** pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately ** percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of **** percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching **** percent, and food prices increasing by **** percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by *** percent in the third quarter of the year. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

On July 21, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 134.09 pence per liter. This compared to 141.85 pence per liter for diesel. Diesel prices were consistently higher than petrol/gasoline prices throughout this period, although the margin varied. Reasons for such differences in pricing lie in the refining process and molecular makeup of the products, with diesel requiring more complex refining processes and being an overall heavier liquid. As motor fuel pricing in the UK is not regulated by a monitoring body, there may also be notable differences in prices between retailers and regions. Supermarkets provide lowest fuel prices in the UK In the UK, much of the motor fuel is sold through supermarkets. Large supermarkets, or hypermarkets, account for more than 40 percent of all motor fuel sales in the country. The reason for their popularity often lies in the fact that they offer lower average prices. In the last four years, regular petrol/gasoline sold at supermarkets was up to six pence per liter cheaper than the national average. How UK fuel prices compare to the rest of the world Tied as they are to crude oil prices, motor fuels are generally cheapest in major producing countries, such as Iran, Venezuela, and Russia. In Europe, costs of importing the raw or finished products, in addition to taxes and levies, may hike up pump prices significantly. The UK is often among the countries with the highest petrol/gasoline prices, alongside other large European car markets such as France and Germany.

Gasoline Prices in the United Kingdom increased to 1.84 USD/Liter in June from 1.79 USD/Liter in May of 2025. This dataset provides the latest reported value for - United Kingdom Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retail price of super unleaded fuel for private cars in the United Kingdom is estimated to continuously increase from 124.9 to 147.8 British pence per liter, respectively between 2020 and 2035.

Retail price of diesel fuel for private cars in the United Kingdom are estimated to continuously increase from 119.4 to 144.2 British pence per liter, respectively between 2020 and 2035.

As of the fourth quarter of 2024, oil prices in the United Kingdom stood at 74 dollars per barrel, with prices expected to rise to 76.6 dollars a barrel in early 2025, before gradually falling in subsequent quarters.

United Kingdom Purchase Price: Heavy Fuel Oil: Total Average data was reported at 463.172 GBP/Tonne in Jun 2018. This records an increase from the previous number of 446.503 GBP/Tonne for Mar 2018. United Kingdom Purchase Price: Heavy Fuel Oil: Total Average data is updated quarterly, averaging 150.950 GBP/Tonne from Mar 1989 (Median) to Jun 2018, with 118 observations. The data reached an all-time high of 627.500 GBP/Tonne in Mar 2012 and a record low of 59.300 GBP/Tonne in Mar 1992. United Kingdom Purchase Price: Heavy Fuel Oil: Total Average data remains active status in CEIC and is reported by Department for Business, Energy and Industrial Strategy. The data is categorized under Global Database’s United Kingdom – Table UK.P008: Energy Overview: Purchase Price.

Crude Oil rose to 65.49 USD/Bbl on July 23, 2025, up 0.27% from the previous day. Over the past month, Crude Oil's price has risen 1.73%, but it is still 15.60% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2025.

Brent crude oil is projected to have an average annual spot price of 65.85 U.S. dollars per barrel in 2025, according to a forecast from May 2025. This would mean a decrease of nearly 15 U.S. dollars compared to the previous year, and also reflects a reduced forecast WTI crude oil price. Lower economic activity, an increase in OPEC+ production output, and uncertainty over trade tariffs all impacted price forecasting. All about Brent Also known as Brent Blend, London Brent, and Brent petroleum, Brent Crude is a crude oil benchmark named after the exploration site in the North Sea's Brent oilfield. It is a sweet light crude oil but slightly heavier than West Texas Intermediate. In this context, sweet refers to a low sulfur content and light refers to a relatively low density when compared to other crude oil benchmarks. Price development in the 2020s Oil prices are volatile, impacted by consumer demand and discoveries of new oilfields, new extraction methods such as fracking, and production caps routinely placed by OPEC on its member states. The price for Brent crude oil stood at an average of just 42 U.S. dollars in 2020, when the coronavirus pandemic resulted in a sudden demand drop. Two years later, sanctions on Russian energy imports, had pushed up prices to a new decade-high, above 100 U.S. dollars per barrel.

Diesel prices in the United Kingdom rose to more than *** pence per liter in early 2024. The March national average was ***** pence per liter, compared with a price of ***** pence per liter for diesel sold at supermarkets. Hypermarkets dominate motor fuel sales Hypermarkets such as Sainsbury's, Asda, and Tesco have the greatest market share of motor fuel sold in the UK. In 2023, roughly ** percent of all motor fuels were sold at hypermarkets. Diesel more expensive than regular gasoline Although gasoline and diesel are both refined petroleum products, their refining process differs, thus also impacting manufacturing and retail prices. Diesel sold in the UK is required to have an ultra-low sulfur content and also contain a biodiesel component of seven percent. The extra steps required in the production process make diesel a more expensive commodity than gasoline, which trades around ** pence lower.

The aim is to forecast the chief components of inflation (such as changes in fuel prices, food prices and prices of durable goods) for the USA, UK and South Africa, and to test whether the weighted sum of the component forecasts gives a more accurate overall forecast for inflation, than simply forecasting overall inflation itself. In the long run, the ratios of these prices to the overall consumer price index have altered because of technological changes and globalization, among other factors. For example, the prices of internationally traded consumer goods have fallen relative to prices of services. By building separate models for the components, the long-run information in the data and specific economic features likely to drive each component can be exploited. These models will test for asymmetries, such as the tendency of petrol prices to respond faster to rises than to falls in oil prices. The models should help better understand the causes of overall inflation through understanding the inflation trends of the underlying sectors. Modelling the components separately should also highlight where interest rate policy could be effective, and where other policies such as competition policy or price regulation might have complementary benefits.

Petroleum refining companies in the UK produce a wide variety of products. Fuels for transport and heating are the most common, with petroleum products for transport accounting for almost three-quarters of product demand. Industry revenue is expected to swell at a compound annual rate of 2.6% over the five years through 2024-25 to £50.7 billion, including a forecast dip of 0.2% in 2024-25, owing to staggering volatility in oil prices in recent years. The COVID-19 pandemic took its toll on the industry. Global border and travel restrictions dented both demand for fuel and fuel prices, weighing on revenue and profitability for refiners. However, this trend was quickly reversed following Russia's invasion of Ukraine in February 2022. This led to the UK and other major economies announcing they would wean themselves off Russian oil, leading to a sharp spike in oil prices over 2022-23 and, to a lesser degree, 2023-24. Strong oil price inflation translated into higher value sales for refined oil companies, paving the way for a strong recovery. A number of petroleum refiners have altered their production to focus on diesel as the new primary fuel. Both petrol and diesel face rising competition from alternatively fuelled vehicles due to their reduced emissions, lowering demand for oil-derived fuels. Industry revenue is forecast to climb at a compound annual rate of 6.1% over the five years through 2029-30 to £68.4 billion. Demand for petrol and diesel-fuelled vehicles is set to fall due to government initiatives designed to reduce emissions, including the extension of Clean Air Zones and the banning of new petrol and diesel cars by 2030. Demand for pure electric vehicles will continue to climb, presenting a significant threat to fuel demand in the long term.

The size of the UK Bunker Fuel Industry was valued at USD 7860 Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 14.00">> 14.00% during the forecast period. The bunker fuel sector in the UK provides HSFO, VLSFO, and MGO, among other products in the fuel category needed in the maritime industry. Members of this sector feel increasing pressure of using cleaner fuel and any other sources of energy that are alternatives, with the ever-stringent environmental regulations. Hence, emissions reduction techniques of such highly developed blending technologies are of paramount importance. The industry has, all along, continued to support shipping operations in regard to ensuring efficiency in performance while reducing environmental impact. The sector makes huge contributions to the UK's maritime economy despite being affected by fluctuations in fuel prices and regulatory pressures. It boasts strong infrastructure, hence is better placed to introduce cleaner and alternative fuel options. Recent developments include: Investments in LNG bunkering infrastructure and partnerships

, Development and testing of new fuel blends and technologies, Regulatory changes and updates related to bunker fuel specifications and emissions, Merger and acquisition activity in the industry. Key drivers for this market are: 4., Increasing Demand for Petroleum Products Due to the Growth of the Local Economy4.; Government Initiatives to Boost the Production of Crude Oil and Natural Gas. Potential restraints include: 4., Increasing Adoption of Renewable Energy. Notable trends are: Very Low Sulphur Fuel Oil (VLSFO) to Witness Significant Growth.

The UK liquefied petroleum gas (LPG) market surged to $2.2B in 2024, jumping by 21% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in the immediate term.

Brent rose to 68.87 USD/Bbl on July 23, 2025, up 0.41% from the previous day. Over the past month, Brent's price has risen 2.57%, but it is still 15.72% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on July of 2025.

In 2024, the UK fuel filter market decreased by -4.6% to $436M for the first time since 2021, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.1% from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level at $457M in 2023, and then shrank modestly in the following year.

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Gasoline As A Fuel Market Size 2025-2029

The gasoline as a fuel market size is forecast to increase by USD 131.6 billion, at a CAGR of 1.4% between 2024 and 2029.

The market is experiencing significant growth due to the increasing number of automobiles worldwide and the rising utilization of portable gasoline generators. The automotive sector's expansion is driven by population growth, urbanization, and increasing disposable income in developing economies. Moreover, the demand for portable gasoline generators is surging due to power outages and the need for backup power sources in both residential and commercial applications. However, the market faces challenges from the volatility in global crude oil prices, which directly impacts the cost of gasoline production and, consequently, its price for end-users. This price instability can hinder market growth and create uncertainty for businesses operating in the sector. To navigate these challenges, companies must focus on optimizing their production processes, exploring alternative fuel sources, and implementing pricing strategies that insulate them from price fluctuations. By staying agile and responsive to market trends, these organizations can capitalize on the growing demand for gasoline as a fuel and maintain a competitive edge.

What will be the Size of the Gasoline As A Fuel Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe fuel distribution market is an intricately woven web of dynamic and evolving market activities. This complex ecosystem encompasses various sectors, including the aviation industry, oil consumption, and the fuel refining market. The ongoing unfolding of market patterns is shaped by a multitude of factors, such as ISO and emissions standards, fuel transportation, and gasoline refining. In the realm of fuel distribution, the application of advanced gasoline engine technology and the emergence of alternative fuels like hydrogen and renewables are reshaping the landscape. The fuel additives market plays a crucial role in enhancing fuel quality and optimizing fuel economy. The transportation sector, particularly the marine industry, relies heavily on fuel distribution, necessitating stringent fuel quality control and fuel stability. The aviation industry's reliance on jet fuel and the oil consumption patterns of various sectors contribute significantly to global oil demand. The fuel retail market, in turn, is influenced by gasoline pricing and energy security concerns. The fuel distribution market's continuous evolution is further fueled by advancements in fuel system design, such as fuel injection systems and compression ignition engines, and the emergence of electric vehicles and fuel cell vehicles. Geopolitical factors and crude oil processing also impact the fuel distribution market, as does the carbon footprint of traditional fuels and the push towards sustainable fuels. The fuel distribution market's intricate nature is further accentuated by the interplay of various market entities, including fuel pumps, fuel tankers, fuel filters, and fuel management systems. The ongoing quest for fuel efficiency and reduced greenhouse gas emissions continues to drive innovation and growth in the fuel distribution sector.

How is this Gasoline As A Fuel Industry segmented?

The gasoline as a fuel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationPassenger vehiclesCommercial vehiclesSmall enginesMarine enginesDistribution ChannelFuel stationsDirect supply to fleetsOnline fuel delivery servicesGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Application Insights

The passenger vehicles segment is estimated to witness significant growth during the forecast period.The market is marked by the extensive use of gasoline in the passenger vehicles segment. This segment comprises various types of vehicles such as sedans, hatchbacks, SUVs, and crossovers, all relying on gasoline as their primary fuel source. The segment's prominence is attributed to several factors, including the extensive gasoline infrastructure, consumer preferences, and technological advancements in gasoline engines that boost performance and efficiency. Furthermore, the segment benefits from the well-established supply chain and distribution networks that ensure a consistent gasoline supply, enabling the uninterrupted operation of passenger vehicles. Gasoline engines, both compression ignition and spark ignition, dominate the transportation sector, accounting for a significant portion of greenhouse ga