Fuel Prices Rise Yet Again - £103 to fill an average car

16th June 2022

RACe figures show average prices for Unleaded 186.59p and for diesel 192.48p.

What makes up the cost of a litre of fuel?
The price you pay for petrol and diesel at the pumps is governed by wholesale fuel prices, which in turn, are affected by:.

the global price of crude oil
supply and demand for crude oil
oil refinery production and capacity
the pound to dollar exchange rate, as refined fuel is sold in US dollars per metric tonne
distribution costs
the margin fuel retailers decide to take
fuel duty charged by the Government, currently 52.95p a litre
VAT charged at the end of every forecourt fuel transaction, currently at 20%

Read more at https://www.rac.co.uk/drive/advice/fuel-watch/