Showing fuel prices as of 24 May 2022.
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Petrol prices this week
This price of unleaded is up by +2.58p this week, with an average cost of 167.67p per litre, compared with 165.09p last week.
Diesel prices this week
This price of diesel is up by +1.47p this week, with an average cost of 181.14p per litre, compared with 179.67p last week.
Breakdown of the cost of unleaded
The current cost of unleaded petrol includes 33.53p VAT and 52.95p fuel duty. 51.6% of the cost of fuel is tax. The remaining 81.19p per litre covers the wholesale cost, distribution and retailer profit.
Breakdown of the cost of diesel
The current cost of diesel fuel includes 36.23p VAT and 52.95p fuel duty. 49.2% of the cost of fuel is tax. The remaining 91.96p per litre covers the wholesale cost, distribution and retailer profit.
Fuel duty is currently set at 52.95p per litre. You will also pay the standard 20% VAT on petrol and diesel.
Based on average current prices of 167.67p per litre, 51.6% of the total price of petrol is tax. 49.2% of the cost of diesel is tax.
During the COVID-19 pandemic, demand for fuel massively reduced leading to a drop in price. Due to increased demand more recently, suppliers are having difficulty keeping up with demand. This has led to a sudden increase in wholesale fuel prices.
You can take some fairly simple steps to improve the miles per gallon in your current vehicle:
It’s usually much cheaper per mile when comparing electric car charging with petrol or diesel, especially when charging at home. There are a number of factors that could affect the potential savings, for example:
The tax rate is estimated based on the vehicle data provided by the DVLA. Before purchasing a vehicle, you should confirm the car tax estimate is correct by speaking to the current owner or the DVLA.
It’s also important to consider the range of the vehicle, charge time and access to charge points to decide if an electric vehicle is suitable for you.
Enter your vehicle registration to check the MPG figures for your vehicle for free.
These figures may vary depending on a number of factors, including:
The only completely accurate way to get this figure is to use the in car computer to monitor your driving.
With under-inflated tyres, more of the tyre is in contact with the road. This increases rolling resistance and will result in your vehicle being less fuel efficient.
Tyres also have fuel efficiency ratings from A-G. By having correctly inflated tyres with a high fuel efficiency rating, you could increase you fuel efficiency by up to 10%.