On July 7, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 133.19 pence per liter. This compared to 140.58 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.

Weekly average UK prices of unleaded petrol and diesel Weekly road fuel price statistics provide average UK retail (‘pump’) prices on a weekly basis.
The data is used to monitor road fuel prices in the UK, and to compare UK road fuel prices with other EU countries.
Weekly price data is published on the gov.uk website the day after collection.

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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.

Hong Kong has some of the highest diesel prices in the world. As of May 12, 2025, drivers in Hong Kong paid an average of 3.34 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.

Fuel wholesalers' revenue is hugely influenced by trends in the world price of oil. OPEC+ manipulates oil prices by controlling the global oil supply, adjusting production quotas, communicating strategically and collaborating with other major oil producers. Plummeting demand for fuel during the COVID-19 outbreak led to historically low oil prices over 2020-21, causing a sharp dip in revenue and profit. However, cuts to production by OPEC+ led to prices recovering to pre-pandemic levels in February 2021. Oil prices surged to a 14-year high in March 2022 amid supply chain disruptions following key oil exporter Russia's invasion of Ukraine, leading to petrol prices surpassing 180p per litre for the first time. As a result, fuel wholesalers’ revenue surged in 2021-22 and 2022-23. In 2023-24, wholesale prices remained inflated on pre-conflict levels, although they were significantly lower than their peak in June 2022. In 2024-25, prices have returned to pre-conflict levels, driving an expected 0.2% boost in revenue. The industry faces increasing competition from renewable energy sources and the robust growth in alternatively fuelled vehicles (AFVs), as the government has encouraged the purchase of AFVs through government subsidies since 2011. Fuel duty was frozen for the 15th consecutive year in the October 2024 Budget. However, energy consumption in the UK has dipped as technology has become increasingly fuel-efficient. Still, over the five years through 2024-25, revenue is anticipated to grow at a compound annual rate of 0.5% to reach £71.5 billion. Fuel prices will inevitably continue to be dictated by OPEC+ over the coming years. However, geopolitical volatility will threaten this alliance. The prospective ban on new petrol and diesel vehicle sales — part of a wider government policy to target net-zero emissions by 2050 — also threatens future fuel sales. Increasingly stringent environmental regulations will constrain fuel demand. Over the five years through 2029-30, revenue is expected to edge upwards at a compound annual rate of 0.8% to £74.4 billion.

The oil and gas support activities industries include a wide range of products and services, like geological observations, well drilling and spudding, used by oil and gas companies from the prospecting to the decommissioning stage of their operations. Industry revenue is expected to climb at a compound annual rate of 2.5% to £7.6 billion over the five years through 2024-25, including a 2.6% hike in 2024-25, when the average profit margin is projected to drop to 3.8%. Oil and gas support companies' revenue is highly susceptible to fluctuations in oil and gas prices, which is why the COVID-19 pandemic and the Russian invasion of Ukraine have wreaked havoc on the industry. The pandemic led to a significant proportion of investment being deferred due to historically low oil prices over 2020-21. The Russian invasion of Ukraine in February 2022 led to oil and gas prices skyrocketing as concerns about supply spread rapidly. The ongoing conflict and sanctions led to a sharp expansion in exploration activity and the need for support services, lifting revenue in 2021-22 and 2022-23. However, growing global oil supplies produced mainly in America are pushing oil prices down in 2024-25 despite OPEC+ supply cuts to attempt to keep prices up. If prices continue to drop, this might threaten investment in oil and gas exploration and extraction, hitting support activity companies. Growing policy uncertainty is also threatening investment in 2024-25 as possible tax hikes hit oil and natural gas companies’ confidence in the profitability of North Sea operations. Revenue is forecast to grow at a compound annual rate of 3.4% to just over £9 billion over the five years through 2029-30. This is mostly due to a fast-growing need for decommissioning activity in the North Sea due to many projects in the region approaching the end of their life cycle. Revenue from other support activities like well drilling is likely to fall in the following years, which is in line with the observed trend of UK well drilling. Government incentives will result in strong demand for cleaner practices that reduce emissions, as the sector has committed to cutting emissions by 50% by the end of 2030.

Corporate Gas Oil - Cost (£)