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80.1 British pounds per barrel
- In 2022/23 oil prices in the United Kingdom are expected to reach 80.1 British pounds per barrel, before falling to 67.43 pounds per barrel in 2023/24, and 63.78 pounds per barrel in 2025/26.
www.statista.com/statistics/374961/united-kingdom-uk-oil-price-forecast-in-gbp/
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The UK imported £30.0 billion of oil in 2021 (£17.6 billion crude oil, £12.4 billion refined oil), and exported £28.3 billion of oil (£17.9 billion crude oil, £10.4 billion refined...
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Table 18 UK Trade in Oil CDIDs: BOQM, BPBN, BQBH and BQAX....
- Other Related Trade Data
Monthly data on the UK's trade in goods and services,...
- System Average Price
Daily data showing System Average Price (SAP) of gas, and...
- UK Trade QMI
UK trade shows the extent of import and export activity and...
- Country-By-Commodity Imports
Monthly import country-by-commodity data on the UK's trade...
- Country-By-Commodity Exports
Monthly export country-by-commodity data on the UK's trade...
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- About this release
- Introduction
- competition in the market.
- Retail Price of Fuels for the Domestic Sector
- Transfer Statistics
- Customer Statistics
- Prepayment, Credit and Direct Debit
- Fixed and Variable Tariffs
- Oil and Petroleum Product Prices
- Retail prices of petroleum products
- June 2021
- International Price Comparisons
- Update Timetable
- Domestic Tables
- Key:
- Technical information
- Revisions policy
- Energy Trends
- UK Energy in Brief
- Fuel Poverty Statistics
- Sub-National Energy Consumption Statistics
- National Energy Efficiency Data-framework (NEED)
- Household Energy Efficiency
- UK Greenhouse Gas Emissions Statistics
- UK Energy and CO2 emissions projections
- Policy publications
- Uses of these statistics
- User engagement
- Contact
Information on average prices paid for energy in the United Kingdom and related energy market statistics. Related publications Further information
The Quarterly Energy Prices (QEP) publication and the associated tables provide information on prices paid for energy and fuels in the United Kingdom and related energy market statistics. Information is presented for both the domestic market (which are the prices paid by households for their energy and fuels) and the non-domestic sector. Domestic m...
Data are presented on the non-domestic sector (any user of energy that is not a household) and subcategories within this population. Prices paid for fuels in the industrial sector, by manufacturing companies within this sector and by electricity generating companies (major power producers) are outlined in this section. The publication also provides...
Retail market price indices of fuels used in the domestic sector information is sourced from the Office for National Statistics’ Consumer Price Index (CPI) data series, the full series available here at the ONS Consumer Price Inflation page.
The Office for Gas and Electricity Markets (Ofgem) provides BEIS with the number of domestic customers in Great Britain that have switched supplier for both electricity and gas. More can be found on Ofgem’s Data Portal page on switching energy suppliers. In order to strengthen competition in the energy market Ofgem encourages consumers to switch en...
The three main payment methods consumers use to pay for their domestic energy bills we identify are
Prepayment is essentially a ‘pay as you go’ method, users topping up an allowance and usage drawing on their balance. Credit is where households settle the bill on the electricity or gas, they used upon receipt but do not pay a recurring set payment as with Direct Debit.
A variable tariff is a tariff that is subject to change at any point in time. A fixed tariff6 is one where the price has been set at a constant rate for a defined period. Please note BEIS determines whether tariffs are fixed or variable, based on the attributes of tariff names provided by energy companies. We are continually reviewing our methodolo...
This section presents information on oil and petroleum products prices paid in the United Kingdom. The petroleum products referred to in this section are unleaded petrol, diesel, burning oil and gas oil. Diesel and unleaded petrol are referred to as road fuels. Together these account for the majority of fuels used in the transport sector with avi...
Prices of unleaded petrol (ULSP) and diesel (ULSD) are at their highest level in the recorded series. Pump prices reflect a range of factors include the wholesale price of crude oil, delivery and distribution costs, duty, VAT, environmental levies and retail margins. ULSP Ultra-Low-Sulphur Petrol. This is the specific grade of petrol that is common...
Basic price is the price excluding VAT and duty Reference and link to tables:
This section compares prices data for the United Kingdom with the European Union and the International Energy Association (IEA). The Department provides the IEA with UK data throughout the year and data from other countries are used in this report to make consistent comparisons to highlight relative competitiveness. International Data all the und...
Below are the update timetables for the four key areas covered in the Quarterly Energy Prices release. These underlying tables are published at various times of the year and sometimes outside of a quarterly National Statistics publication (which are published March, June, September and December each year).
Tables for the Domestic energy prices area: Tables for the Industrial energy prices area:
The colours on the timetable indicate the frequency and status of the data series: Annual Biannual Quarterly Monthly R Scheduled Revision
Information in this publication is sourced from various surveys of the energy industry conducted by the Energy Prices Analysis team in the Department for Business, Energy and Industrial Strategy (BEIS). The domestic bills information is collected as part of the Domestic Fuels Inquiry which surveys key energy suppliers to provide a representative...
The BEIS statistical revisions policy sets out the revisions policy for these statistics, which has been developed in accordance with the UK Statistics Authority Code of Practice for Statistics.
Energy Trends contains quarterly data on production and consumption of overall energy and of the individual fuels in the United Kingdom. Also includes data on foreign trade in fuels. www.gov.uk/government/collections/energy-trends
An annual publication summarising the latest statistics on energy production, consumption and prices in the United Kingdom. The figures are taken from the ‘Digest at: www.gov.uk/government/collections/uk-energy-in-brief of UK Energy Statistics’. Available
An annual publication outlining the number of households living in fuel poverty in England, with additional analysis of the composition of the fuel poor group and future projections of the number of households in fuel poverty. Available at: www.gov.uk/government/collections/fuel-poverty-statistics
Sub-National data are produced by BEIS to emphasise the importance of local and regional decision making for energy policy in delivering several national energy policy objectives. Data is available here: https://www.gov.uk/government/publications/regional-energy-data-guidance-note
BEIS has constructed a National Energy Efficiency Data-framework (NEED) to enable detailed statistical analysis of energy efficiency. The data framework matches the gas and electricity consumption data collected for BEIS sub-national energy consumption statistics and records of energy efficiency measures in the Home Energy Efficiency Database (HEED...
BEIS publishes a range of information relating to the Energy Company Obligation (ECO) and Green Deal (GD). The headline release presents monthly updates of ECO measures and quarterly updates of in-depth ECO statistics, carbon savings and the Green Deal schemes. The detailed report presents annual updates on in-depth Green Deal statistics and insula...
Emissions data are produced by BEIS to show progress against the UK’s goals, both international and domestic, for reducing greenhouse gas emissions. www.gov.uk/government/collections/uk-greenhouse-gas-emissions-statistics
The Updated Energy Projections (UEP) are published annually by BEIS. They provide updated projections and analysis of energy use and carbon dioxide emissions in the UK. The UEP exercise incorporates all firm environmental policy measures and is based on updated assumptions consistent with the most recent UK Budget announcements. The latest report i...
The Department for Business, Energy and Industrial Strategy is responsible for business, industrial strategy, science, research & innovation, energy and clean growth and climate change. The policy that the department works on and the associated documentation can be found on the GOV.UK site here. The energy statistics section is here: www.gov.uk...
Quarterly Energy Prices is prepared by the Energy Prices analysis team in BEIS.
Quarterly Energy Prices is prepared by the Energy Prices analysis team in BEIS.
Quarterly Energy Prices is prepared by the Energy Prices analysis team in BEIS.
Nov 7, 2022 · Oil prices jumped after Russia's full-scale invasion of Ukraine and continued to rise through early March. Prices reached $127 a barrel on 8 March. The latest price is $98 a barrel. The price in Sterling set a new record in mid-June of £103 a barrel.
Sep 26, 2013 · Data on UK production, trade and demand of oil by sector, including crude oil and natural gas liquids, and products including transport fuels.
Dec 20, 2023 · Oil prices forecast in the UK 2022-2029. Forecasted oil prices in the United Kingdom from 2022/23 to 2028/29 (in GBP per barrel)
Sep 26, 2013 · Data on oil and oil products, including upstream production and UK refinery activity, trade, stocks and demand.
UK ENERGY IN BRIEF 2022. This booklet summarises the latest statistics on energy production, consumption, prices and climate change in the United Kingdom. Figures are primarily taken from the...
