Fuel prices in the UK are amongst the most expensive in Europe, so when oil companies announce large profits, motorists often feel aggrieved. In this section we explain the relationship between profits and pump prices and why the UK has high pump prices.

Understanding pump prices
In the UK, both pre-tax fuel prices and gross margins are amongst the lowest in Europe, but when Government taxes are added, pump prices rise to be amongst the highest.

Profits and pump prices
The recent high price of crude oil has led to the suggestion that oil companies should cut the price of petrol and offset subsequent losses against profits being made from crude oil production. However, there are two very good reasons why the various parts of the business in integrated oil companies have to stand-alone. Read why >>

Petrol & Diesel Price Differential
Forecourt pump prices are influenced by a number of factors, including taxes, crude oil and refined product prices, exchange rates, competition and the availability of supply. These variations are reflected in the pump prices for diesel and petrol.

Read our top ten tips on how to save fuel!