The UK ranks ninth out of 28 European countries for petrol prices, with the Netherlands topping the list with the highest average cost per liter of unleaded petrol.
Drivers in the UK also pay the fifth highest price per liter of diesel compared to other countries, with only Sweden, Finland, Belgium and the Netherlands paying more, according to RAC Fuel Watch.
A liter of petrol costs on average 174p in the Netherlands, compared to 153p in the UK. The cost of diesel in the Netherlands is the same as in the UK: 160 pence.
Sweden pays the most for diesel at 179 cents, while unleaded petrol costs just 148 cents. The average price of petrol and diesel in European countries is 144 and 146 pence.
The second most expensive gasoline was Denmark (169 cents), followed by Finland (166 cents) and Greece (163 cents).
As at 30 November, diesel prices in these countries were 159 pence, 174 pence and 152 pence respectively.
France came in fifth place with 161p for petrol and 158p for diesel, followed by Germany at 160p and 153p. In Italy the price per liter of unleaded petrol is 160p and 159p for diesel, while in Spain it is 141p for petrol and 140p for diesel.
The cheapest countries for petrol are Romania and Malta at 120 and 117 cents respectively, while Malta also has the cheapest diesel at 106 cents.
Where does the money go?
Of the 153 cents per liter of petrol in the UK, 53 cents are excise duty, 25 cents VAT and 74 cents fuel and margin costs, according to the RAC.
The figures for diesel in the UK are quite similar: duty 53 cents, VAT 27 cents and fuel costs and marginal costs 80 cents.
I Last week it was reported that average petrol prices had fallen twice as fast as before after a report from the Competition and Markets Authority (CMA) accused retailers of failing to take falling wholesale costs into account, the AA said.
It took 31 days for prices to fall by 3.5p per liter from 8 October. In just 14 days since the CMA published its report on November 9, prices fell by 3.75 cents.
The regulator warned that the difference between fuel prices and wholesale fuel prices in September and October was “significantly above the long-term average” and a continuation of this trend would “raise concerns” about a lack of competition.
AA fuel prices spokesman Luke Bosdet said: “It’s amazing what happens when the competition watchdog gives the fuel trade a good boost – fuel prices fall twice as fast and within two weeks €2 is deducted from the cost of filling up petrol. »
Source: I News
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