Q. What is the trend in fuel prices?
Q. What is the trend in fuel VAT? |
Sources
Department for Business, Energy & Industrial Strategy. Weekly road fuel prices. Published 24 Sept 2013. Last updated 5 Feb 2019 www.gov.uk/government/statistical-data-sets/oil-and-petroleum-products-weekly-statistics |
Fuel prices & VAT
Since 2004, the average price for petrol and diesel has increased from around 78 pence per litre to around £1.25 per litre in 2018, with a peak of around £1.40 in 2012-2013. The VAT on fuel has changed over the years. Starting at 17.5% in 2004, it then dropping to 15% in 2009 before increasing back up to 17.5% a year later, and then increasing again up to 20% in 2011. It has since remained at this level. |