GAS SHELL STATION NEAR ME DRIVERS

Generally speaking, higher oil prices lead to higher petrol and diesel prices at UK forecourts - and in theory at least, lower oil prices should lead to cheaper pump prices. Here is a chart that shows how the oil price has changed over the years. The Government also makes more in VAT when fuel prices are higher. And, when the price of oil is falling it can also create a perception that pump prices are not reducing as much as they should because the lower the pump prices falls, the greater the percentage of tax. This high level of tax affects the price of a litre of fuel significantly. There is a limit to how low UK fuel prices can go as tax – fuel duty, plus VAT charged on the total price – make up the lion’s share of the price of a litre. Even if the fuel was given away and the retailers didn’t make any profit (take a margin), the price of a litre would still include duty and VAT.

GAS SHELL STATION NEAR ME DRIVERS

At these prices, tax to the UK Government represented around 43-44% of the total price that drivers were paying. What are the highest ever recorded UK petrol and diesel prices?Īverage UK petrol and diesel prices were hitting regular daily records as of June 2022 - of around 191p per litre of petrol and 199p per litre of diesel. Just remember to pay off your account within the month or your savings will be cancelled out While it might not actually save you money at the pumps, it will offset higher petrol or diesel prices by putting something back in your account. Consider credit card cashback. Some credit card companies offer cashback for spending money at filling stations.And look beyond the supermarkets - some independent retailers can be cost-competitive too. Even taking a small detour to visit a cheaper forecourt can save you a few pence per litre, and over 12 months’ motoring that could lead to a sizeable saving Get to know the cheapest filling stations where you live. Drive efficiently. This is the best way to save money on fuel, and you can read our guide to saving fuel for more tips.Always aim to pay no more than this average price when you fill up This is displayed at the top of this page. Check the latest RAC Fuel Watch average price.How do I find the cheapest petrol and diesel near me?

Gas shell station near me