Fleet News

UK has 'the world's most expensive diesel'

Diesel pump

The UK has the most expensive diesel in the world, said fuel card provider The Fuelcard People.

Steve Clarke, group marketing manager, cited the latest research by globalpetrolprices.com, published on June, 22, 2015.

He said: “It made headlines that the UK is back into the world ‘Top Ten’ for petrol prices, but nobody seems to have noticed the diesel chart. Of more than 170 countries surveyed, we have the world’s most expensive diesel.”

Clarke continued: “There is no mystery to the UK’s embarrassing position. Each nation buys oil on the same global markets, but then imposes its own taxes. The price on our forecourts includes 59% for diesel, 61% for petrol. Having to pay the highest fuel duty in Europe is crippling our economy and hindering the recovery.”

He put the high rates of duty into context and offered a warning to UK businesses. “Even firms in notoriously expensive places like Switzerland, Luxembourg and Monaco pay less for petrol. Everyone in the world pays less than our companies have to pay for diesel."

Clarke added: "With fuel being a major cost for any business using the roads, we are trying to compete internationally on a very uneven playing field. With a deficit to clear and no room for manoeuvre, nobody should expect the government to be reducing fuel duty in the foreseeable future.”

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  • Les Hammond - 06/07/2015 14:43

    Its all very well our Government trying to get us to join the FORS and Van Excellence schemes and with many fleets employing Telematics to control costs and positively affect driver behaviour we are doing our bit as never before, its about time this was recognised by a more pragmatic view regarding fuel prices.

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    • Steve Clarke - 06/07/2015 15:24

      Les , we are doing our very best to help out customers reduce their fuel bills. We also have a special scheme for FORS members.

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  • Edward Handley - 06/07/2015 20:36

    The Government have a wonderful excuse for excessive tax on diesel courtesy of the green lobby, but ignore that fact that huge numbers of foreign trucks circulate the UK road system using much cheaper diesel bought "over the water". Operation Stack resulted in massive numbers of large trucks being parked up on the M20 and the surrounding road network, which should have given the Government a wonderful opportunity to send someone to have a look at the registration numbers. About 1 in 250 of those trucks had a UK registration number. UK operators are massively out-competed by foreign operators who have lower costs, particularly lower fuel costs. The excessive price of diesel in this country is seriously damaging the UK transport and logistics sector and the economy as a whole. We are exporting jobs to foreign operators and the Government are losing tax revenue as a result, as if fuel was cheaper in the UK than, say France, then the foreign trucks would tank up here instead of in France and Belgium. It really is a lose-lose situation, but apparently that does not matter as it keeps the green lobby happier.

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