Monthly Fuel Price Tracker

Published 3 September 19

 030_fuel _price _table

 *Red diesel duty July 19 and August 19 and August 18 = 11.14ppl

Source: HMRC/Defra, DECC, OPEC.

For more information click here to access the OPEC website for crude oil prices.

031_fuel _price _graphs

 Annual Price

Figures show that the average price of oil stood at $69.78/barrel for 2018 which was an increase of 33.1% compared with 2017.

This is the second year that the annual fuel (red diesel and diesel pump) price has risen. Dairy farmers are now paying an annual average of 61.51ppl for red diesel - a rise of 8.19ppl (15.4%) compared to 2017. Pump prices for diesel have increased by 9.83ppl (8.2%) over the same period.

 Annual Fuel

Annual fuel chart

Source: OPEC/DECC/Defra

The new OPEC Reference Basket (ORB), implemented from 16 June 2005, is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Mercy (Venezuela).

Up to December 2005: Monthly & Yearly averages were based on weekly quotations.

As of January 2006: Monthly & Yearly averages are based on daily quotations.

As of January 2006: The Basket Price is subject to revision.