On March 24, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 135.61 pence per liter. This compared to 143.07 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.

Diesel prices in the United Kingdom rose to more than 150 pence per liter in early 2024. The March national average was 153.9 pence per liter, compared with a price of 151.3 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 43 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 10 pence lower.

UK Gas decreased 26.27 GBp/Thm or 20.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on March of 2025.

Diesel fuel prices in Great Britain increased by 20 euro cents in the period of consideration, despite some fluctuation. Between 2000 and 2020, figures peaked at 1.75 euros in 2012. The lowest average diesel price was seen in 2003, at 1.12 euros per liter. By 2020, diesel was sold by an average of 1.55 euros per liter.

Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on March of 2025.

The price of gas in the United Kingdom was 106 British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to 131 pence in the second quarter of 2025 before gradually falling to just under 80 pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's recent cost of living crisis in 2022, approximately 91 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 11.1 percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching 26.6 percent, and food prices increasing by 18.2 percent at the height of the crisis. 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.

The average gas price in Great Britain in January 2025 was 123.02 British pence per therm. This was 50 pence higher than the same month the year prior and follows a trend of increasing gas prices. Energy prices in the UK Energy prices in the UK were exceptionally high in 2021-2022 due to an energy supply shortage as a result of lower pipeline supplies from Norway and Russia, as well as reduced LNG imports owing to greater purchases by customers in Asia. Multiple factors such as a lack of gas storage availability and the large share of gas in heating have exacerbated the supply issue in the UK. This led to multiple suppliers announcing bankruptcy, while an upped price cap threatened energy security of numerous households. The United Kingdom has some of the highest household electricity prices worldwide. How is gas used in the UK? According to a 2023 survey conducted by the UK Department for Energy Security and Net Zero, 58 percent of respondents used gas as a heating method during the winter months. On average, household expenditure on energy from gas in the UK stood at some 24.9 billion British pounds in 2023.

Current petrol and diesel prices at Costco fuel stations across the UK

Hong Kong had the highest prices for premium gasoline (95-RON) on February 10, 2025. That day, prices averaged 3.39 U.S. dollars per liter, which was notably more than in any other country. While oil-rich countries enjoy some of the lowest gasoline prices, drivers in big car markets such as Europe pay around two U.S. dollars per liter.

Crude Oil decreased 2.12 USD/BBL or 2.95% since the beginning of 2025, 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 March of 2025.

Hong Kong has some of the highest diesel prices in the world. As of February 10, 2025, drivers in Hong Kong paid an average of 3.31 U.S. dollars per liter of automotive diesel. This was more than three times the amount paid by drivers in Mainland China. Lower prices are often linked to substantial domestic crude oil production and government subsidies, as is the case in countries such as Venezuela, Iran, and the United States.

Daily data showing SAP of gas, and rolling seven-day average, traded in Great Britain over the On-the-Day Commodity Market (OCM). These are official statistics in development. Source: National Gas Transmission.

Unleaded 95 octane fuel (regular gasoline) prices have been consistently cheaper at supermarkets than fuel stations in the United Kingdom. In March 2024, the gap between both price averages was 3.1 pence per liter, with supermarket prices standing at 142.2 pence per liter.

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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, including light-duty trucks, on the road. Additionally, the use of gasoline in portable generators for various applications further boosts market demand. However, volatility in global crude oil prices poses a challenge to market growth. In the upstream oil and gas sector, data management and analytics play a crucial role in optimizing production and logistics. Visualization tools are essential for understanding complex data and making informed decisions. Furthermore, the transportation sector's focus on fuel efficiency continues to drive innovation in automotive purge valves and other automotive technologies to reduce fuel consumption. Despite these trends, market growth may be impacted by external factors, such as geopolitical instability and supply chain disruptions. Overall, the market is expected to continue its growth trajectory, with key factors including increasing demand, technological advancements, and the ongoing optimization of supply chain logistics.

What will be the Size of the Gasoline As A Fuel Market During the Forecast Period?

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The market encompasses the production, distribution, and consumption of gasoline as a primary transportation fuel. With the widespread adoption of automobiles, passenger cars, and motorcycles, gasoline remains a significant contributor to the global transportation energy requirements. However, the market faces increasing competition from alternative energy sources, such as electric vehicles and clean energy solutions. Gasoline availability remains a critical factor in the market's dynamics, with demand influenced by factors like carbon emissions regulations, consumer preferences, and the price of gasoline and related taxes. Secondary fuels, including ethanol, are increasingly used as additives to enhance fuel efficiency and reduce carbon emissions. The oil market significantly influences the gasoline fuel market due to the close relationship between crude oil and gasoline production.
The rise in automobile production and the increasing popularity of high-speed cars, motorcycles, and other internal combustion engine (ICE) vehicles continue to drive demand for gasoline. However, the market faces challenges from the growing adoption of clean energy sources, such as natural energy, solar, and wind power. Additionally, the increasing popularity of electric vehicles, diesel fuel, aviation fuel, and other alternative fuels for transportation, such as propeller airplanes and marine vessels, may further impact the market's size and direction. Gasoline prices and taxes also influence market dynamics, with fluctuations in these factors affecting consumer behavior and demand. The market's future direction will depend on various factors, including technological advancements, regulatory policies, and consumer preferences.

How is this Gasoline As A Fuel Industry segmented and which is the largest segment?

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.

Application

  Passenger vehicles
  Commercial vehicles
  Small engines
  Marine engines


Distribution Channel

  Fuel stations
  Direct supply to fleets
  Online fuel delivery services


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

By Application Insights

The passenger vehicles segment is estimated to witness significant growth during the forecast period.

The market is primarily driven by the extensive utilization and widespread adoption of passenger vehicles, which rely on gasoline as their primary fuel source. This segment includes sedans, hatchbacks, SUVs, and crossovers, all of which benefit from the availability of gasoline infrastructure and consumer preferences. The segment's prominence is further bolstered by technological advancements in internal combustion engines, enhancing performance and efficiency. Gasoline's established supply chain and distribution networks ensure consistent availability, supporting the sustained operation of passenger vehicles. Moreover, the market encompasses other sectors such as motorcycles, construction, and transportation, where gasoline serves as a primary or secondary fuel.

Alternative energy sources, including electric vehicles and clean energy, are gaining traction, but gasoline's versatility and accessibility make it a significant contributor to the energy requirements of p

Brent decreased 0.64 USD/BBL or 0.85% since the beginning of 2025, 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 March of 2025.

Natural gas increased 0.21 USD/MMBtu or 5.84% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on March of 2025.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for United Kingdom (CPGREN01GBM659N) from Jan 1971 to Jan 2025 about fuels, electricity, energy, gas, United Kingdom, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for United Kingdom (GBRCP040300IXOBM) from Jan 1988 to Dec 2024 about repair, maintenance, water, fuels, electricity, gas, United Kingdom, CPI, price index, indexes, and price.