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Fuel prices
Updated 06 March 2026
These figures give an overview of the fuel markets, focusing on crude oil and average UK diesel prices on both a monthly and annual basis.
Monthly
Table 1. Monthly fuel tracker
| Month | OPEC price (US$ / barrel) | OPEC price (£ / barrel) | UK red diesel (ppl)* | UK diesel pump price (ppl) |
|---|---|---|---|---|
| Feb-26 | 67.90 | 49.98 | 74.91 | 141.22 |
| Jan-26 | 62.31 | 46.09 | 75.91 | 142.41 |
| Month-on-month change | 5.59 | 3.89 | -1.00 | -1.19 |
| % change | 9.0% | 8.4% | -1.3% | -0.8% |
| Previous year | OPEC price (US$ / barrel) | OPEC price (£ / barrel) | UK red diesel (ppl)* | UK diesel pump price (ppl) |
| Feb-25 | 76.81 | 61.28 | 79.31 | 146.50 |
| Year-on-year change | -8.91 | -11.30 | -4.40 | -5.28 |
| % change | -11.6% | -18.4% | -5.5% | -3.6% |
Source: Defra, DECC, OPEC, ECB
Figure 1. Monthly crude oil prices
Source: OPEC
Figure 1 shows the crude oil (blue line) in $ per barrel over the past four years. The data behind it can be found in the Excel download below
Figure 2. Monthly fuel price tracker
Source: Defra, DECC, OPEC
Figure 2 shows the price of diesel at the pump (green line) and red diesel (orange line) in pence per litre and crude oil (blue line) in £ per barrel over the past four years. The data behind it can be found in the Fuel prices Excel download below.
Annually
Overview
- Figures show that the average price of oil stood at $69.59/barrel for 2025 which was a decrease of 12.9 compared with 2024
- The annual fuel (red diesel and diesel pump) price has decreased in 2025 compared to the previous year
- Dairy farmers are now paying an annual average of 76.02 ppl for red diesel - a decrease of 4.82ppl (6%) compared to 2024
- Pump prices for diesel have decreased by 5.78 ppl (3.9%) over the same period
Table 2. Annual fuel tracker
| Year | Exchange rate | Crude oil (£/barrel) | Red diesel (ppl) | Diesel at pump (ppl) |
|---|---|---|---|---|
| 2012 | 1.58 | 69.08 | 71.38 | 141.83 |
| 2013 | 1.56 | 67.68 | 70.19 | 140.41 |
| 2014 | 1.65 | 58.44 | 64.40 | 133.46 |
| 2015 | 1.53 | 32.37 | 48.94 | 114.90 |
| 2016 | 1.36 | 30.08 | 44.96 | 110.13 |
| 2017 | 1.29 | 40.70 | 53.32 | 120.15 |
| 2018 | 1.34 | 52.26 | 61.51 | 129.98 |
| 2019 | 1.28 | 50.19 | 62.75 | 131.48 |
| 2020 | 1.28 | 32.30 | 52.47 | 119.14 |
| 2021 | 1.38 | 50.80 | 65.64 | 134.94 |
| 2022 | 1.24 | 80.97 | 104.27 | 177.66 |
| 2023 | 1.24 | 66.71 | 89.05 | 158.19 |
| 2024 | 1.28 | 62.48 | 80.84 | 148.33 |
| 2025 | 1.32 | 52.78 | 76.02 | 142.55 |
Source: Defra, DECC, OPEC, ECB
Figure 3. Annual fuel price tracker
Source: Defra, DECC, OPEC
Figure 3 shows the price of diesel at the pump (green line) and red diesel (orange line) in pence per litre and crude oil (blue line) in £ per barrel since 2001. The data behind it can be found in the Fuel prices Excel download below.
Additional information
- 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). This price is subject to revision
- As of January 2006, the monthly and yearly averages are based on daily quotations
Visit the OPEC website for more on crude oil prices
Contact us
This dataset was produced by our Data and Analysis Team. Find out more about the team.
If you need any further help, please email Martin, Dorian, Gavin or Esther at datum@ahdb.org.uk
Download dataset
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